Being reactive instead of predictive on actual price action is a winning principle I have seen in many rich traders. (newtraderu.com)
It is also possible to study rich traders in depth through the internet, interviews they have done, books they have written, and purchasing any services they offer. (newtraderu.com)
The sad thing is while the knife catching trader is losing his account and sitting in a puddle of sweat having been stressed out and losing money there is some mellow rich trader who shorted the same stock and is out by the pool with a drink and a cigar counting his winnings. (newtraderu.com)