The consistent winners think differently from everyone else.
There is something inherent in the way our minds work that doesn’t fit very well with the characteristics shown by the markets.
What’s necessary, he says, is that the individual acquire the trader’s mindset. It sounds easy, but the fact is, this mindset is very foreign when compared with the way our life experiences teach us to think about the world.
Traders, we find out, must learn to think in terms of probabilities and to surrender all of the skills we have acquired to achieve in virtually every other aspect of our lives.
the consistent winners think differently from everyone else.
something inherent in the way our minds work that doesn’t fit very well with the characteristics shown by the markets.