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  • The Mind of a Trader Podcast with Steve Croft

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    "The most important exercise for a trader is that of the mind."

    This is Steve Croft's approach to trading. With his unique and compelling delivery, all traders can benefit from Steve's trading experiences and anecdotes to stay mentally balanced and focused.

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Tuesday, September 2, 2008

MOT 58 Podcast - You Will Never Get Wet Unless You Jump In

Duration: 13:54 min

Show Notes

At the edge of the ocean

We all can probably remember a time early in our life when we were standing on the edge of a pool or a boat dock and being encouraged to jump in.

We waited and waited and sometimes never jumped in or maybe we jumped in immediately. Those same feelings are still with us today when we trade.

The world around us has a way of instilling indecisiveness in executing trades or exiting trades. If we have developed a proven process of risk management, money management and a strategy that has been tested and used in practice, then the final step is to believe in what we have and jump in.

It does not matter whether we land properly or not.

The most important aspect is to jump in and know that all of our diligent practice will pay off if we continue to stay with our proven process and let the law of averages work for us over the course of our many trades.

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