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The reason the samurai warrior was so feared was that he had the courage to accept his own death, confidence in his abilities, and discipline to overcome his fear. In a lot of ways a highly successful trader today is like a samurai. Successful traders have to accept all the risk of trading, have total confidence in their abilities, and have the discipline to always overcome their fear.
How often do you think that some of the outstanding traders experience fear? How do you think they overcome this fear? Courage will always annihilate fear. The way you can increase your level of courage is by realizing how vitally critical it is to your ultimate success. The next time you start to become fearful, realize that to control fear you must have the courage to focus on the present moment.
Courage is the fourth virtue that all excellent traders possess. All highly effective and successful people use courage in their personal and professional lives. You must have the courage to trust yourself to enter or exit a trade, to make mistakes, to control your ego, and to generate the faith that your outcome will be as you desire. Courage will fortify your confidence, and courage will give you the discipline to master your internal representations of the marketplace.

 
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