Successful people in any field have similar habits

International Space Station commander Chris Hadfield has three tips on how to become an astronaut. The same three apply to trading:

  1. Keep your body in shape and eat well
  2. Challenge yourself with education, and push yourself to learn things you barely expect to learn
  3. Practice making decisions and sticking with them

#3 is especially important for traders who take profits too early. Sometimes the hardest thing is to do nothing.

Here is an odd lesson in market timing from Bill Gross