Chapter 16

Preparing for Success

There has never been any great genius without a spice of madness.

—Seneca, Roman philosopher

Success is contagious, but how do we get going? I would be remiss not to have a discussion on the roadblocks everyone confronts as active traders. In the course of a constantly shifting economic landscape, the requirements for success may vary, but some personal attributes never vary.

Confidence is probably the biggest contributor to success; it instills the motivational structure reinforcing our desire to ask questions about the market.

Anyone striving to attain loftier goals wants to know the reason for an upsurge in price, why it remains stagnant or runs to the downside. In other words, they are curious about how prices ...

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