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Compare Your Trading Mantra with Insights from a Market Legend
Transform your trades with Dick Diamond's course -- and learn how to save $600.

By Jill Noble
Tue, 29 Jan 2013 10:30:00 ET
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Technical traders tend to be very logical individuals, approaching the markets with skepticism and humility. Some of the most successful long-term traders have developed analytical habits that take on a nearly religious level of discipline.

Regardless of a trader's personal beliefs, most of us recognize the psychological importance of ritual and tradition in developing discipline. One well-known example many professionals have adopted is the "mantra": a meaningful phrase that, when repeated, brings calm and focus.
 
And as with time-tested practices that can improve one's health, happiness and success, 47-year market veteran Dick Diamond has the same goal for traders who attend his Market Mentor events.
 
Diamond has seen it all -- and loves to tell about it. His confident and pragmatic trading method keeps him in control at all times: His focus on personal responsibility and neutrality allow him to learn from losses and avoid repeating mistakes. The following insights are from his course materials:
    
Focus on the NOW. Don't dwell on the past, good or bad.
 
Don't worry about leaving something 'on the table.'
 
Taking losses and handling losses well is part of everyday trading.
 
Sell when you can -- not when you have to. 
 
Everybody has good days in this business -- what matters is how you can control the bad days.
   
Never force a trade. 
 
Focus on executing the trade as opposed to making money.
  
Think for yourself. The indicators on your computer along with the background work are all you need.
 
Be open to change: Don't be inflexible. A good trader lets market conditions dictate his/her short-term feelings. Market conditions can change many times during an active day.
 
All that said, Diamond and his assistant, Roberto Hernandez, are not "guru" personalities. They communicate their approach humbly and matter-of-factly, as they teach emotional discipline and risk-management skills to a small group of traders several times each year.
 
Learn how to handle short-term success and failure in your trading life. For a limited time, traders who register to attend the next 4-day course (March 17-20 in beautiful Miami, Florida) can save $600 -- Register now! 

 

 


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