- I started reading the book Trading in the Zone. I took the Attitude Survey
- To make money as a trader you have
to know what the market is going to do next
Agree
2.
Sometimes I find myself thinking that there must be a way to trade without
having to take a loss
Disagree
3.
Making money as a trader is primarily a function of analysis
Agree
4.
Losses are an unavoidable component of trading
Agree
5. My
risk is always defined before I enter a trade
Agree
6. In
my mind there is always a cost associated with finding out what the market may
do next
Agree
7. I
wouldn't even bother putting on the next trade if I wasn't sure that it was
going to be a winner
Agree
8. The
more a trader learns about the markets and how they behave, the easier it will
be for him to execute his trades.
Agree
9. My
methodology tells me exactly under what market conditions to either enter or
exit a trade
Agree
10.
Even when I have a clear signal to reverse my position, I find it extremely
difficult to do
Agree
11. I
have sustained periods of consistent success usually followed by some fairly
drastic draw-downs in my equity
Agree
12.
When I first started trading I would describe my trading methodology as
haphazard, meaning some success in between a lot of pain
Agree
13. I
often find myself feeling that the markets are against me personally
Agree
14. As
much as I might try to "let go", I find it difficult to put past
emotional wounds behind me
Agree
15. I
have money management philosophy that is founded in the principle of always
taking some money out of the market when the market makes it available
Agree
16. A
trader's job is to identify patterns in the markets' behavior that represent an
opportunity and then to determine the risk of finding out if these patterns
will play themselves out as they have in the past
Agree
17.
Sometimes I just can't help feeling that I am a victim of the market
Agree
18.
When I trade I usually try to stay focused in one time frame
Agree
19.
Trading successfully requires a degree of mental flexibility far beyond the
scope of most people
Agree
20.
There are times when I can definitely feel the flow of the market; however, I
often have difficulty acting on these feelings
Agree
21.
There are many times when I am in a profitable trade and I know the move is
basically over, but I still won't take any profits
Agree
22. No
matter how much money I make in a trade, I am rarely ever satisfied and feel
that I could have made trade
Agree
23.
When I put on a trade, I feel I have a positive attitude. I anticipate all of
the money I could make from the trade in a positive way
Disagree
24.
The most important component in a trader's ability to accumulate money over
time is having a belief in his own consistency
Agree
25. If
you were granted a wish to be able to instantaneously acquire one trading
skill, what skill would you choose?
Consistency
26. I
often spend sleepless nights worrying about the market
Agree
27. Do
you ever feel compelled to make a trade because you are afraid that you might
miss out?
Yes
28.
Although it doesn't happen very often, I really like my trades to be
perfect. When I make a perfect call it feels so good that it makes up for
all of the times that I don't
Agree
29. Do
you ever find yourself planning trades you never execute, and executing trades
you never planned?
Yes
30. In
a few sentences explain why most traders either don't make money or aren't able
to keep what they make.
Most traders don't make money because they are not
consistent in executing trades. They do not keep a record of their gains
and/or losses to check if they really did well on their trades. They
aren't able to keep what they make probably because they don't manage risks
properly and has never build the safety net to protect their gains
"...novices discover that trading
can turn into one of the most frustrating experience they will ever face"
- Mark Douglas, Trading in the Zone
After attending the IMPACT seminar I
found out that if want to make profits in trading, I need to put in the
additional work on top of my daily routine. Even though I have learned
the basics of stock trading, that is only the tip of the iceberg that I need to
face and I need to endure. I started involving myself in stocks last 2013
and I only gained interest in pursuing a trading lifestyle last 2016. I
hope and pray that I make it in the end and reach that 9-digit portfolio
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