Process Thinking

Ask yourself a few questions:

• Do I have an edge (technical, fundamental, something else?). I'm a visual trader. So be it.
• Can I "do" what the market "does"?
• What is my personality? Is my plan matched to it?
• Can I exploit that edge (what is my make-up)?
• Can I hold winners?
• Can I sacrifice losers (throw the small losses back into the ocean) purging my 'mistakes'?
• Will I let myself get blown up?
• Am I willing to pay the price, do the study, the analysis, to compete against the best?
• Can I accept the "rules of the game?"

1. It's not designed to be "fair".
2. Many major corporations exist for the management's benefit, not the shareholders.
3. You won't have the best available information.
4. Most of the cheaters will never get punished.
5. Psychology is everything.

If you can't answer those questions and accept the unwritten rules, should you be playing?

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.