Notes on Trading Philosophy

Core Beliefs of Traders

• Inherent Nature:

  • Traders have an instinct for making bold decisions.
  • Decision-making often occurs under pressure, especially when stakes are high.

• Thriving in Chaos:

  • Traders are designed to succeed in chaotic environments.
  • Ability to maintain composure and resilience when faced with market turmoil.

Key Characteristics of Traders

• Standing Tall:

  • Traders often maintain their stance while others may falter or panic.
  • Confidence in their strategies, regardless of external circumstances.

• Competitive Spirit:

  • Traders engage in a highly competitive field, likened to a battleground.
  • The market is described as the "world's greatest arena" where traders operate.

Ownership of Investments

• Financial Independence:
  • Emphasis on personal ownership of financial assets.
  • A trader’s money is theirs, highlighting the independence in their financial decisions.

Conclusion

• Identity as Traders:
  • The phrase "born to trade" encapsulates the idea that trading is not just a profession but an integral part of their identity.