It is the questions that are asked that determine

my response level

How much do you make?

Is it easy to trade?

They have nothing to do with your ability to

find any level of success trading

Much preferred are questions about risk

The questions asked however are only a

part of the equation of trading success

ATTITUDE

There is actually a formula that I saw years ago that is

imprinted in my mind

SUCCESS

A(LTV+D+E/T)

LTV + D

LTVLONG TERM VISION

You are not looking for home run trades this

week or next

Breaking even is a step in the right

direction

Allows you to focus on what is truly important

in our lives

You also know that it will take time

LTV IS ABOUT

REALISTICEXPECTATIONS

You WILL lose money

You risk a percentage of your account that will

allow you to withstand a string of losers

The truth is most people fail

It is extremely possible to add a nice

additional income

Knowing that it will be bumpy but are

committed anyhow, can sustain you

D

DISCIPLINE

The discipline to follow the rules of your

system

The discipline to follow money

management practices to prevent an account

blow out

The discipline to work on the psychology of trading and working out the demons that

affect all of us

Traders have a strong inability to be

consistent with their trading rules

Marginal trades with too much risk

Revenge trades

Allow greed and fear to run your trading business

No disciplineNo chance

Go over the two topics above and see where

you fit into them

Do the work.The results may surprise you!

See where you stand by writing out both of them and give yourself an honest evaluation