Are You Trading to Your Strengths?
Copyright 2006 New Ireland Ventures, LLC
In your trading, are you playing to your strengths, or are you simply being an "opportunity seeker"?
There is a huge difference between the two and if you're just an opportunity seeker, then you are leaving yourself open to frustration and losses.
There are many parallels between trading, business and gambling, and your ultimate success long-term will be determined by how you approach any of the three. Playing to your strengths is critical in all three.
In any of the pursuits, there is competition and you always want to make sure that you're playing to your strengths and not your weaknesses.
The objective is winning, that is profiting, and you want every advantage that you can get.
Too often, the opportunity seeker will go after an opportunity just because they see that there's money to be made, and they figure that they can shore up their weaknesses (learn more) enough to go get that money.
Let's take a brief look at how this applies in each area,
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