John Wooden's Rules. Applies to Trading

#1
From ephiphanytrader's website (Frank Delaney)
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Coach John Wooden led his UCLA basketball team to 10 National Championships. His philosophy on life included the following.

1) Never Lie
2) Never Cheat
3) Never Steal
4) Never Whine
5) Don't Complain
6) Don't Make Excuses

I want to add 4 more philosophies that will help greatly in your Trading.

1) Stay disciplined
2) Be prepared ( know where you are as far as the 5 15 and daily chart)
3) Be open to learn from others and from your own mistakes
4) Never, Never, Never Give UP.

None of us are perfect, so we all have strayed in some way from these philosophies in our lives. Trading is about moving towards the direction of perfect , but never getting there. You are never a perfect trader. The success line starts at 51 percent after commissions. My point is committing to these philosophies in a positive way not a perfect way. Have confidence in your ability and excell with confidence not negativity or nervousness. We are all here to learn so never be afraid to ask. Regards, Frank
 

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