Thought of the Day…

“I’ve said it before, and I’m going to say it again, because it cannot be overemphasized: the most important change in my trading career occurred when I learned to DIVORCE MY EGO FROM THE TRADE. Trading is a psychological game. Most people think that they’re playing against the market, but the market doesn’t care. You’re really playing against yourself. You have to stop trying to will things to happen in order to prove that you’re right. Listen only to what the market is telling you now. Forget what you thought it was telling you five minutes ago. The sole objective of trading is not to prove you’re right, but to hear the cash register ring.”

– Martin Schwartz

4 thoughts on “Thought of the Day…

  1. Yes, truth…! As a 2months live fx newbie am fighting with it every trading day. Anyway I see improvements and see the “light at the end of the tunnel” already.;) One has to concentrate only on the market and don’t stop thinking during trading.
    Btw, thx very much 50 for all info u r providing on the blog and twitter. I have learned a lot and see good results each individual day.;)

  2. The market is master, I must conform to it and master myself.

    Thank you 50 for your inspiration and dedication.

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