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“The one mindset change: Looking at the trade not for necessarily the intrinsic value of the underlying but for how the trade will perform…”

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Michael, The one mindset change: Looking at the trade not for necessarily the intrinsic value of the underlying but for how the trade will perform. I have always had the mindset of only buying/trading something that is cheap; if I having been watching something and debating whether to get in and do nothing and later if it really moves up–emotionally I am just not interested. I need to change this to be a good trader.

Indeed. Trying to buy cheap can be trouble. My FAQs are a start.

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