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Six, give up thinking during market hours. Thinking comes when the machines are turned off, not in the heat of battle. Markets are to be reacted.
Before I proceed, please read the last paragraph again until you fully realize what it says. I'm not trying to be cute, I'm deadly serious.
OK, let's get down to business...
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INTRODUCTION
My trading career started in the summer of 1980, when I purchased a MidAmerica Commodity Exchange membership , in Chicago, for $8,000, and funded my account with $10,000. It was literally every penny I had in the world. When I hit the floor, I thought I knew everything. Buy low, sell high - wave my hands around - pocket some cash - quit at 1 pm- play golf in the afternoons in the summer- basically live the trader dream...
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General points of the essay
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