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Trading Psychology | SEP 1998
The Path Less Traded by Scott Brown
Good trading is as much a state of mind as it is a set of procedures. Novice traders will find it hard to survive, let alone flourish, unless they learn to think and act in an appropriate manner. This means developing mental models and behavioral rules in a careful and deliberate fashion before entering the market. And it is this careful, deliberate planning and reflection that makes the difference between long-term profit and loss. It would be wise to develop an appreciation for trading fields that are less known to the public but far more profitable than the beaten path.
by Scott Brown, Ph.D.
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