We have had the opportunity to come in contact with many traders over the years. Some are just entering this field, while others are experienced, successful traders. We thought it would be helpful to the reader of this book to hear our comments and observations on why some traders succeed and why some fail at trading.
As you read this book and study the methodology, we hope these in- sights will help to keep you on a path to success in trading. Trading re- quires hard work and perseverance. At times it can be a process of two steps forward and three steps back. Once you do find a consistent success- ful approach, though, there is nothing like the business of trading.
In this first chapter we cover what is the best way to use this book. We give our thoughts on why traders succeed or fail in trading, and offer suggestions for actions traders can take for successful trading.