Thursday, June 12, 2008

Building Correct Trading Habits are Important

Most learning is done through series of many repetitions. Most experts on brain function use a saying "The neurons that fire together, wire together". This means that the actions that we do over and over are having an effect on our learning.

Trading is no different than learning any other task in the sense that we must correctly execute our trades over and over regardless of winning or losing to build strong trading habits. Here is a great motivation on this subject from Motivation Mentor@aol.com

YOU ARE WHAT YOU REPEATEDLY DO

First you make your habits, and then your habits make you.
You become a slave to your constantly repeated acts.
What at first you choose, at last compels.

Your habits are either the best of servants or the worst of masters.
Your thoughts lead you on to a purpose,
your purposes go forth in action.

Your actions form your habits.
Your habits determine your character,
and your character fixes your destiny.

Once in motion, a pattern stays in motion.