This thread has been revived and this is a subject worth revisiting hence this post by me.
Firstly, as I have often written at ET, you cannot become a winner in trading without a successful methodology. Methodology is the
key.
But a temperament that makes you a successful trader is also essential. At ET different words are used for this requirement, discipline being one of them. As shown on ET there are many temperaments with attitudes that usually don't work for trading - anger, time wasting, diversions, irrationality, biases, prejudices, pre-conditioning and so on.
Those that are lefties or anti-banker, anti-rich, anti-Goldman Sachs or anti-Fed are unlikely to become winners. Why? Because if you intend to make yourself rich you are going to join that world. Disparaging that world tells everyone you are determined to remain a loser. What the rich and powerful display is just human nature but human nature when equipped with power or money or both.
Independent trading has no barriers apart from the very significant barriers you can or do erect against yourself. You can make yourself rich. The markets facilitate that opportunity.
So coming to the practicalities of a suitable temperament there is the need for an open and neutral mindset for the purpose of trading. Next a calm undisturbed outlook is required. You may therefore need meditation as a help. You have to be confident and completely relaxed with your mind applied only to the market. A fretting, frayed, tense or anxious mindset contending with other concerns or worries is usually anathema for task of using the market as a daily cornucopia. Thus to be at peace and able to focus undisturbed must be at the center of your mindset.
