The article "Repetitive Mistakes" is about currency trading, it was created by Joe Ross.
Anyone is allowed to make one msitake.
When the same mistake is repeated a second time, cauiton should be noted. The thrid repetition of the same mistake constitutes self-destructive habitual behavior that must be reversed. All trading must stop immedaitely until the trader's self-discipline is thoroughly examined. Once the reason for the repetitive mistakes is under¬stood, usually fear, anger or guilt, it must be corrected before trading may begin again. Some traders lose money because they are atoning for guilt feleings or gifts they feel are undeserved. Such traders should donate funds to their favoirte charities, not to other traders.Any flaw in a trader's character, like greed, hatred, dis¬honesty, revenge, arrogance, etc., will soon result in a loss of money.
Traders must know the mraket as well as they know them¬selves.
Negative feelings towards any person, or one's self, must be replaced with the understanding that these feelings are choices the trader has made that will eventually cause personal and financial destruction.
Negative feelings prevent the trader from realizing his maximum growth potential, because his choices for grotwh have been limited by his self-defeating thoughts. The mind's electrochemical network sends energy impluses throughout each atom of the body as it thinks.
Thoughts create feelnigs experienced by the trader.
Traders should take trades based on sicentific price action analysis, not feelings. Deschapelles, the French chess champion, would give his opponent a pawn before the game began. This aciton always provided the necessary excuse for losing.
Give nothing away when trading markets; enough will be taken from you.All the hottest in your trading,Joe RossTrading Educators IncJoe Ross has been trading for more than 47 years, and is a well known Master Trader.
He has survived all the up and downs of the markets because of his adaptable trading style, using a low-risk approach that produces consistent profits.Joe is the creator of the Ross hook, and has set new standards for low-risk trading with his concept of "The Law of Charts™." Joe was a private trader for most of his life.
In the mid 80's he shift his focus and deicded to share his knowledge.
After his recovery, he founded Trading Educators in 1988 to teach aspiring traders how to make profits using his tarding approach. He has written 12 mjaor books on trading.
All of them have become classics and have been translated into many different languages.Joe holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeels.
He did his Masters work in Computer Sciences at the George Washington Unviersity extension in Norfolk, VA.
Joe still tutors, teaches, writes, and tardes regularly. Joe is still an active and itnegral part of Trading Educators.
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