Thought of the Day – Thursday 21st October 2010

From an interview with Glen Ring for Real People; Real Traders

What is one of the biggest mistakes traders make?

They try to be too perfect.

, , , , , ,

About FXTraderPaul

A professional Trader and Coach, FXTraderPaul blogs about his adventures from the front-lines of FX Trading. A Trader and educator who can walk the walk as opposed to merely talk the talk!

View all posts by FXTraderPaul

Subscribe

Subscribe to our RSS feed and social profiles to receive updates.

2 Comments on “Thought of the Day – Thursday 21st October 2010”

  1. fxtraderchat Says:

    I have heard it said that “perfection” is the lowest standard.

    If I were to try to make all of my trades perfect, I would probably never enter a trade or end up losing money on trades by failing to be flexible with my trade management as a trade develops.

    Like

    Reply

    • FXTraderPaul Says:

      Wise words indeed. I knwo myself that I tend to veer towards wanting perfection which can help raise standards but can also be inhibiting when it comes to trading. We all crave certanity and sometimes we think waiting for the ‘perfect’ set-up will deliver the certainity (of profits & of being right) we crave. Alas, that is rarely the case!

      Like

      Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: