Donald's momentum and focus

Continued discussion about Think BIG and Kick Ass in Business and Life

Chapter 7 is intersting. It’s about maintaining your success momentum. Donald’s advice for real estate entrepreneurs applies to traders. His advice is that when you start anything new, you have no momentum. You do not seem to be getting anywhere, but if you keep at it and keep working toward your goals one day at a time, pretty soon you get into the flow of people and events. Then things get much easier. For traders that means get started papertrading whatever system you want to use; keep revising your system during papertrading until you get it right; then start using real money and pretty soon you get into the flow where you can take bigger and bigger positions until you’re Thinking Big and Kicking Ass, just like the Donald does in real estate and entertainment!

Chapter 8 is an extension of Chapter 7. Donald says you have to maintain your focus on your main goals and avoid distractions that lead to a life of regret. For traders, this means continuing to do what resulted in success even during winning streaks.

...continued tomorrow...

Copyright 2008 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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