My Trader’s Pledge
This is a pledge and affirmation I say each day before I enter the market. I use this to center myself and to guide my trading. Here it is:
Over the next 6 and 1/2 hours the best traders in the world will come together to form today’s market. I must be respectful of those traders and the market all the while not being intimidated or afraid. I will use my training and skills to the best of my ability. I will manage my trades moment to moment and not be unduly influenced by the past or my perception of the future.
The market and its prices are an ever changing insane expression of everyones’ hope, fear, pride, and greed. The market’s future movements are unknowable and it will hunt the least discipline traders first, knowing these are the weakest in the pack. Once the market has moved against me, I must react quickly and step out its way.
It is not my job to be right, it’s only my job to protect my capital and live to trade another day. Only after surviving can I ever be victorious.
I am grateful for the priviledge to trade in today’s market, grateful for the technology that continues to level the field, and grateful for the freedom and opportunity afforded to each of us to acheive.
September 12th, 2007 at 4:49 pm
Hi Mojo,
It look to me like you’re just about ready to give up your day job! (At the Chicago conference, you indicated that you were real close. I hope your wife gives you her blessing.)
Thanks for sending your website - I am relatively new at this option game (9 mths) and can learn a lot from your very professional approach.
Tks,
Mark
707-823-8223