Trading on Target: How to Cultivate a Winner's State of Mind

“BA-DA-BING”

It is certainly easier to become a baseball star when your father was Cal Ripken, Sr. Cal Sr.’s passion for teaching the craft of baseball ran deep and his knowledge was passed on to his son Cal Ripken, Jr., who became a Baseball Hall of Famer by redefining the position of shortstop.

Cal Ripken, Jr. is known as baseball’s all-time Iron Man. He was one of only seven players in the history of the game to amass 400 home runs and 3,000 hits in his career. In 1995, Ripken broke Lou Gehrig’s record for consecutive games played. Ripkin’s mark of 2,632 consecutive games played is likely to endure for generations to come.

How about the Forbes’ family dynasty? It is certainly easier to become a master of publishing when your father was Malcolm Forbes.

There are many people on the financial speaking circuit who purport humbly to be master traders. They might have had a time of glory, but now they are only as good as their advertising. Then, there are those traders like Chuck, known by only a few other people for their top skills as traders and who like it that way. Chuck’s father and uncle were both highly skilled speculators and they fed Chuck with the golden spoon of trading mastery. While Chuck heard many horror stories about traders failing in the markets, his focus was on how easy it was to earn a good living as a trader simply by following his uncle’s and his dad’s lead. Chuck became even more successful than his family and was respected for being generous with both his ...