Trading as a Business .pdf - Content
Let’s begin with the markets themselves, and with fear and greed. We have all heard the cliches about fear and greed. They rule the markets. In fact, that’s all the markets are - a reflection of these emotions. In order to make money trading, you must learn to control your fear and greed.
Overcoming Fear and Greed. We all have to deal with our runaway emotions at various times in life, and these emotions really begin to run away when we trade. Bill Williams1 used to say in his seminars that trading was the clearest window into your own personal psychology, clearer than any other endeavor. I think he was right.