$29.95/PDF download 107 pages. Volume Two: Master Your Skill includes 32 new days of actual day trading diary entries. Train with the lines to the point where the lessons and psychology become intuitive. Manufacturer: N/A SKU: Volume Two Price: $29.95 $29.95 107 pages, Adobe PDF  Please select options: Size: 107 pages Media: Adobe PDF Quantity:

Volume Two features answers to key questions that Volume One raises but leaves unanswered such as: "What is the goal a trader should set in order to become a better trader?", "How do fast traders trade so fast?", and "What is it about averaging in and averaging out?" Volume Two also  includes 32 new days of actual day trading diary entries (November 01, 2006 through December 15, 2006). Volume Two, like Volume One, is also text-heavy for the same reasons as Volume One: to familiarize you with the thinking behind the lines to the point where that thinking becomes intuitive.

This is an excerpt from Volume Two. This is my answer to one of the key questions I mentioned above. The question is: "What is the goal a trader should set in order to become a better trader?":

"I was channel-flipping one day and found a TV documentary on a French free solo climber. He had been free climbing for decades. He was an "old" guy at the time the scenes were shot. I think in his late forties, early fifties. He climbed in a part of France known for its spectacular, bizarre cliff formations. What struck me were his skill, focus...age...and unique outlook on "winning". Free solo climbing (www.wikipedia.com) is an extreme sport that involves ascending a cliff face without ropes or gear, other than your hands, feet, chalk and special shoes. As I understand this passion, it evolved as a mental challenge over a physical challenge; your body needs to be in good shape, your mind needs to be in better shape. It is about skill, focus and achievement within a context of extreme risk; if you fall you can die. You climb familiar routes rather than unfamiliar routes. You are exploring your own internal mental world rather than the external physical world. Your skill and a route's familiarity are safety factors. Risk factors are represented well enough. The documentary's storyline was how this veteran upset the younger climbers. The younger climbers would scamper up a cliff face, vault over the uppermost edge and celebrate. The "old" climber would get within inches of the uppermost edge then climb back down. For him, his skill and focus were his achievement: his goal. So here he was, as "old" as he was, still climbing. The younger ones seemed shaken, wondering when the cliffs would become too hard, mentally or otherwise, for them to climb. I know what it is to win as a trader. The climb feels good, and can feel hollow. Winning sets me up to lose. My worst days have repeatedly followed my best. I wrote this guide to educate myself out of losing and adapt to winning. I acknowledge that solo climber, in part, for showing me how to win without feeling hollow. Long-distance runners also talk about a "wall": the mental and physical barrier that blocks them from going further. A trader can talk about a wall: a dollar level he/she somehow cannot move past. Maybe the "trick" is not to think about the money (wall). Just think about trading well. Trade for the goal of trading well."

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