Good trading is as much a state of mind as it is a set of procedures.
Novice traders will find it hard to
survive, let alone flourish, unless
they learn to think and act
in an appropriate manner. This
means developing mental models
and behavioral rules in a
careful and deliberate fashion
before entering the market. And
it is this careful, deliberate planning
and reflection that makes the difference between long-term
profit and loss. It would be wise to develop an appreciation
for trading fields that are less known to the public but far
more profitable than the beaten path.