Trading strategy, 'golden rules' from banking veteran Steven Goldstein - Business Insider

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Steven Goldstein successfully played the market for 25 years before starting to coach traders who manage billions. Here are his 15 'golden' rules that helped him ensure investing success.

"I knew the battle was in the mind," he toldBut Goldstein — a 25-year trading veteran whose resume includes time at Credit Suisse and Commerzbank — didn't arrive at that epiphany overnight. He needed someone to help him put things in perspective.

"I was always looking for the answers outside of myself," he said. "Reading books, trying to change strategies, trying new techniques — self-improvement externally, I would say." Fortunately, all that changed when the firm Goldstein was working for at the time invited him to join forces with a trading coach. "Suddenly, he showed me who I was," he said. "He allowed me to see myself in a whole new way."Instead of swinging around hundreds of thousands in the market, Goldstein helps a wide array of traders and money managers refine their craft.

"They're playing the same game just with different sized chips on the board," he said. "The people that I work with who have been doing it for 2o years face the same issues — almost — as the people who are just a few years into it."." He encourages all of his trainees to develop their own set of principles. All quotes below are attributed to Goldstein.: Hate clouds judgment and leads to bitterness and resentment."Know your strengths and weaknesses.

 

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