Commitment & Passion Don't Distinguish Winning Traders From Losing Traders

Larry Williams wrote about a study in which a group of 20 profitable traders were compared with a group of 30 unprofitable money-losing traders. The results were summarized at pp 231-232 of his book Long Term Secrets to Short Term Trading.

The study found that commitment to trading and passion about trading were common to both the profitable and the unprofitable group of traders. That’s surprising given that many trading coaches emphasize that commitment and passion are necessary for success as a trader. For example, Ruth B. Roosevelt wrote about that in her book Exceptional Trading.

continued tomorrow ...

Copyright 2007 Raymond T. Lee. All rights reserved.
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