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"Questions Are the Heart of the Matter"
by
Ruth Barrons Roosevelt

Some helpful questions to ask in trading would be the following:

  • What is the market telling me now?
  • What does the market want?
  • What are the probabilities?
  • How much can I make?
  • What is my risk?
  • Where am I wrong?
  • Where is my target?
  • Is this a valid signal?
  • Am I following my rules?
  • Am I following good trading principles?
  • Has anything changed?
  • What would I think if I wasn't in this trade?
  • Is there anything I'm not seeing?

Some unhelpful questions to ask while trading would include the following:

  • What if I lose?
  • What if I'm wrong?
  • What if I can't succeed as a trader?
  • What will my broker--my wife--my boss think?
  • Why is it always so hard?
  • How can I make this trade work out? (You're already wrong. Get out.)

Remember, there are questions that illuminate; and there are questions that destroy or confuse and stagnate. You have the power to construct the questions that will move your trading forward. Whenever you're in a quandary or things aren't going well, ask yourself, "What is the question I need to ask now?" What if, you could learn to ask yourself questions that will make you a winner over time?

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