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I've been asked over three decades to present to others just a
few of the secrets of trading. I am not one to want my picture front and
center. I am not one to want my name a household word. I am not one to face the
five-percent of those who would cry foul in giving to others what has been
given to me. If I can save the grief of some of the trading torture to those
who search out the knowledge of trading then I am in a position to acknowledge
my debt.
Most traders think that the important element in success is knowledge. In my
trading career I have found that correct knowledge and the ability to change
behavior are the most important parts of successful trading. Correct knowledge
without behavior modification projects improper execution of an otherwise
perfect trading plan.
In three decades of learning correct trading knowledge and behavior
modification, I have included in my trading plans, two rules that present me
with the ability to change my thinking and behavior. Both rules are required
for successful trading. Upon urging from a longtime trading friend, I shall
share my insight on these rules.
By trade I am not a writer nor is Art. We are both traders but it is my
desire to present insight into what is required in successful trading. This
project was agreeable to me if we would do it on my terms. We came to an
agreement on my terms of how it would be presented and that it would be
presented as I wished.
Our agreement was that I would remain in my own privacy. I would not give my
name but only my approval in writings about my insights of trading. You may
call me Phantom of the Pits. Your success in trading shall be at your own hand
and direction. You shall know me as Phantom, a shadow in your success. That is
how I wish it to be.
Phantom of the Pits
" You may call me Phantom of the Pits."
---POP
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