Traders have the wrong idea of what trading is actually about. Speculation is about selling higher than you buy and doing it as many times as you can.

Two missions:

  1. Trade a lot.
  2. Progressive exposure.

You always have to keep your eye on the ball. Traders get caught up in highs and lows and Monday morning quarterbacking. If you lose focus on what the goal is – to make a decent profit and do it again – then you’ll get yourself very frustrated and confused.

Your criteria should be to make great risk reward plays. To make every bet a quality decision. Then the money will take care of itself.