My Lessons Learned posts acknowledge blog posts from around the web which illustrate exceptional ideas that are valuable to new traders. The goal is to assimilate the wisdom of the experienced, instead of learning the hard way. There is an excellent post by Dr. Brett Steenbarger from
the TraderFeed blog summarizing the various strengths needed to be an emotionall intelligent trader. Here are some critical lessons from the article that are noteworthy:
TRADING THE MARKETS IS AN EMOTIONAL EXPERIENCE NOT UNLIKE ANY OTHER MEANINGFUL PERSONAL RELATIONSHIP. THE MARKET IS NOT YOUR ADVERSARY, BUT YOUR COMPANION. YOU MUST ALWAYS MAINTAIN OPEN COMMUNICATION WITH THE MARKET TO ACHIEVE POSITIVE CONFLICT RESOLUTION, WHILE AVOIDING PERSONAL EMOTIONAL RESPONSES THAT WOULD HAVE A DETRIMENTAL EFFECT ON THAT RELATIONSHIP!
Blog Post Highlights:
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