Stage 5: Routines
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Look around you. Anywhere you see the pursuit of excellence happening, you discover the same set of recurring universal truths. Great athletes make greatness look effortless. Great traders make trading seem natural. The fact is that those who’ve achieved mastery make greatness look easy.
Look around you. Anywhere you see the pursuit of excellence happening, you discover the same set of recurring...
I’ve known a lot of great traders. Yes, they are out there. Some eventually became money managers, and...
Some people meticulously prepare and perfectly execute a mountain ascent, catching the significance of both the...
I actually wear my office during the trading hours. “All work is social,” claims Larry Prusak, director of...
Inevitably, there comes a time during the trading day or the trading week that I ask myself, “why am I doing...
Some battles you stay and fight. Others you best walk away from. This is the part of my day when I...
The last trading hour in the markets is like “The Hour of Power” television show. It matters! The last...
Ever drive a bumper car at an amusement park? Remember how the bumper car headed off in one direction until it...
Recently, I had a very personal conversation with my fellow trader, Harvey Baraban. I asked him what he did to...
Have you heard the famous cliché about discipline? “You’ve got to do what you have to do before you can do...
Investors don’t always have the discipline to act like a Nike ‘Just do it’ advertisement.
When I was a graduate student in business school, I had the privilege and good fortune of watching John Elway play...
Most people call it Technical Analysis, but I prefer to think of it as “Visual Analysis”. Picture it as a tree with...
Knowing how top salespeople convert suspects into prospects into clients yields powerful insights as to how top...
Mark Twain once commented on the celebration of New Year’s and said something to this effect: Last week...
The stock market is always one step ahead of you. The sooner you accept this fact, the better for your trading...
I’ll show you mine, if you show me yours! What were you thinking? We are talking journals here...
I had the pleasure of having dinner with a mutual fund portfolio manager who manages over $8 Billion and who has the...
Have any of you ever found yourselves so overly focused on your individual positions that you are missing the...
Anytime I hear a successful, well-respected figure mention the importance of routines, my ears perk up. ...