Trader's
Expo Report… Zombies Among Us
Provided By: Norman Hallet
A
while ago, I helped Traders World
Magazine at their booth at the 2003
Trader's Expo in Chicago.
It was an experience
that confirmed many of 4 my thoughts
and feelings about the "state
of the trading environment".
Why did it not surprise
me that the vast majority of those
that walk the aisles are looking for
one thing…. the Holy Grail?
It's so easy to think
that if you surround yourself with
experts in the field (and there were
plenty of them in attendance), you're
bound to come across someone you can
trust and relate to….. not just
from words on a page, but by getting
a sense of who they are in person.
Some of these experts
made themselves VERY accessible.
I walked up to Steve
Nison, the Japanese Candlestick guru
and had a 15 minute conversation with
him about our mutual love for candlestick
analysis….. AND our common appreciation
for the mental and emotional part
of successful trading.
The very personable
Larry Williams walked up to the Traders
World booth to say hello to Larry
Jacobs, but instead his eye caught
my display about The Mental Side of
Trading.
We spoke for about
10 minutes on a small range of subjects
from the markets to internet marketing
to the importance of mental toughness
for traders.
After wishing Larry
well, it occurred to me that one thing
all the gurus seem to have in common
was their appreciation for the mental
part of trading.
Now, most traders in
general will give lip service to the
importance of the mental aspects,
but do absolutely nothing about it.
A few lines of "Today
I'm not going to make the same mistakes
as I made yesterday" self-talk
is about all the mental training they
will muster.
Gurus and successful
traders do more than give lip service.
They train.
They train their minds
to do the right things during the
trading day. What are the "right
things"?
To follow their tested
and trusted trading system…..
without wavering…. without flinching.
Of the 113 booths (that
I counted) at the Traders Expo, 111
½ had to do with trading systems,
trading information sources, data
feeds, and the like, while 1 ½ booths
dealt with the mental part of trading.
Why is that?
Well, many traders(wrongly)
feel that committing to training their
minds means that something must be
wrong with them.
It's an admission that
one is out of control and that's just
not something that most want to face.
They'd rather find
a system that works more of the time…..
one that gives you better signals
that they can follow.
No admissions necessary.
The truth is that if
you train yourself to be disciplined
and focused in your trading, you don't
even need last year's best performing
system to be successful in your trading.
All you need is a "decent"
system.
I'll likely be many
other Trading Expos and my guess is
that I'll see a lot of the same trading
faces, zombie-ing down the isles,
continuing their searches for the
Holy Grail…..
.. and not ever looking
inward for the answers.
| Click Here to purchase a copy of Norman
Hallets' "TradingMind
Software." Your goal
from this program is to reshape
your mind and gain control over
your trading like never before.
This is the secret many traders
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