Trader Mindset

Start with Price, Volume, and Volatility:

Price - making new highs or lows.

Volume - above average volume at key inflection points

Volatility - tells you your position size

Start with Price, Volume, and Volatility:

Price - making new highs or lows.

Volume - above average volume at key inflection points

Volatility - tells you your position size

I think it's important to trade small at the beginning of your career so that you can find out what your edge is. Once you have it, then you scale and trade larger.

You should think of it like panning for gold (to find your edge). The goal isn't for large trading gains right away, but to discover and shine the light on your edge.

It's more than rate of return...

Marshall Ulrich is an American legend.

As a mountaineer, he's climbed the Seven Summits - completing each on his first attempt.

The Seven Summits consist of Mount Everest, Aconcagua, Denali, Kilimajaro, Mount Elbrus, Mount Vinson, Puncak Jaya, and Mount Kosciuszko by order of elevation.

Marshall has completed 130 ultra marathons, each over 100 miles in distance.

Most notably, he's known for completing the formidable Badwater 135 ultra marathon across Death Valley 18 times - winning the event 4 times - including 3 in a row.

Temperatures can reach 130 degrees F during this race in July.

Steven M. Sears is a contributor to Barronsonline.com and the former editor of the Striking Price column of Barron's magazine. He is the author of The Indomitable Investor: Why a Few succeed in the Stock Market When Everyone Else Fails published by Wiley.