Balancing Thought and Action in Trading

I have often thought that I could divide my trading clients into two groups:  The Thinkers and The Doers. The thinkers love to research and explore ways of trading, but when it comes to actually trade, they hesitate or avoid it completely.  On the other hand, the doers love to trade and often do so with insufficient planning or research.

As Ayn Rand said, “Action without thought is mindlessness, and thought without action is hypocritical.”

Consistently successful traders balance thought with action and action with thought.  The balanced trader researches methods and fundamentals thoroughly, and then acts in a timely and disciplined manner.

Discipline is doing effectively whatever it takes to get you to your goals–whether or not you feel like it.  Set a strong intention to pay attention to both preparation and execution. Thinking and action are your partners in successful trading.

For more on this visit my article “Thought + Action = Success” on my website

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