Mark Cook's lecture in a recent conference in Las Vegas' title might seem a bit odd at first. But traders understand it's the amount of profit realized not only the percentage of winning trades.

Cook was a featured speaker in a Technical Analysis Group conference in Las Vegas. Tim Slater puts together the convention and offers some of the world's finest traders--be it in stocks, futures or options.

Cook is from East Sparta, Ohio, also operates M.D. Cook, Inc. out of his family farmhouse. He oversees his own proprietary account and supplies a trading advisory service, Mark D. Cook's Trader Advisory, which focuses on SP 500 futurescontract, T-bonds and OEX options.

This professional trader's energetic presentation focused on knowing your own risk tolerance in trading and preserving capital.

A great trader that has made tens of millions of dollars out of the stock and commodities markets told me the one individual universal reason for failure is that the inability to have a loss. This is now my motto, because the real path to riches lies not with the wins, but handling the losses in a manner that is sensible, says Cook.

He shared with the audience his first few years of unsuccessful trading, including losing large sums of money. He came back from the verge. Determination and hard work are all variables Cook cites that turned him into a thriving professional trader.

He also developed the Cook Cumulative Tick indior, also overbought-oversold indior, which pulls on correlations between the SP 500, T-bonds and SP 100 index (OEX) options.

Cook won the 1992 U.S. Investment Championship using a 564% yield.

The trading veteran advises traders to keep a trading diary and have a daily ritual when trading. Possessing a trading battle egy before going into the trade. He said traders should have faith in the indiors they use to exchange.
Trading losses will occur with each trader. The key is to manage those losses and not let ego get in the way of sound conclusion.

The real path to success constantly must journey through failure. All--and I mean all--the million dollar traders I understand had losses. And only when they coped with the losses did they attain true success, Cook explained. The road is long--maybe five to ten decades. The emotions will be a barrier that only plain wins that battle.

The real winner is the one who perseveres. The race is a marathon and not a sprint. Recognition that most people fall short of perfect is the first step into the trek to knowing yourself and knowing your limitations.

But you must also keep foremost in mind that our God-given talents are extremely rarely realized into the legitimate extent of the present.

Trade and prosper--It's an attainable American fantasy, Cook said.

https://forexintuitive.com/forex-tra...e-journal.html

Jim Wyckoff
http://www.tradingeduion.com/default.asp?Code=TE_ACF