Wednesday, December 5, 2012

Daily Nugget of Wisdom - 5 December 2012

"Because most traders enjoy success outside of trading, they have a great deal of confidence in their ability to extend this success in the trading environment. This unfounded confidence, coupled with the way the markets distort a person's concept of reward in relationship to time and effort expanded, will cause the trader to form some very unrealistic expectations about the kind of results he should achieve."