“The Market is an Opportunity Creating Mechanism” | The Derrick Oldensmith Interview
Trading Camp - Investing Like Champions
How to Be a Successful Trader
The two real keys to success in this business are risk management and game planning. Set that loss number for yourself, $500, whatever it is, and never allow yourself ever to lose a dollar more than that amount. And then it's all about execution. It gets rid of the emotion. That used to be my biggest weakness as a trader was my emotional control,. Especially when I was a little bit younger. But it didn't matter. All I need to do is follow what was on the piece of paper, follow the game plan. Nothing else matters. The risk is already on. You're going to lose that amount or you're not.
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