How important are psychology issues, mental attitude, etc.?
Mental attitude is extremely important. If I feel defeated, I am defeated. Attention to detail and being well-prepared springs to mind as other things affected by your mental state. I might add that it’s very difficult to go from trading money for the house to being the house, that is, to trading your own cash. I used to tell traders that worked for me that if they were busy worrying about making the mortgage payments, they’d never trade successfully. I saw it nearly every year as young traders approached bonus time and they and their wives started mentally planning how they’d spend their soon-to-come bonus–and the pressure would mount on them not to lose money. That killed many young traders at banks, and even more on the floor of the exchanges. *SPECIAL DISCLOSURE Risk Factors & Discussion of Blackthorne Capital, Inc. (“BCI”) CTA Program 1. A complete discussion of fees and charges are reported in BCI’s disclosure document. Specifically, one should recognize that the introducing bro
