Stock trader mindset

  1. politically neutral, but cognizant of the politics of the market
  • eg. whether you are a democrat or a republican, the current market is driven by GOP
  1. play the game, follow the crowd while not being a true believer in the crowd's beliefs, especially when your perspective is contrary to the crowd.
  • eg. the market is rallying, while the economy is suffering. go with the market rally, but don't believe the hype. as opposed to trying to fight the market, go with the momentum, while maintaining your contrarian views, and when the turn comes, it will be easy to shift mindset

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