Tips from Worlds most Successful Trader

Paul Rotter is arguably the most successful individual futures trader executing trades on the Eurex exchange primarily in the Bund.
Every trader can aspire to imitate Paul's success as he is proof that it IS possible for a small trader to build on his success and grow into the biggest most active speculator around.

Q: What are your strengths as a world-class trader and what are the differences between you and other traders?
A: I have the ability to get more aggressive in winning phases, to take bigger risks, and to scale back during losing times. This is contrary to human nature. The best thing is to have somebody around who is neutral to trading, who switches the screens off when a certain level of loss has been reached for the day.
Q: Shouldn't a trader stick to his opinion?
A: No, definitely not. An analyst or some kind of guru has to stick to it, but a trader should have no opinion. The stronger your opinion, the harder it is to get out of a losing position.
Q: Do you do any kind of daily mental preparation?

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