It took me years to realize this (I started trading in 1979), but trading is 100% mental. With the proper mental game you can literally throw darts at a dartboard and make money. On the other hand insiders could give you the most secret, invaluable, inside information and you will still not make any money.
Nearly all traders are on an endless and futile search for the Holy Grail of systems, strategies or indicators, but they will never find it and even if they did, it will not help them to be successful. It's all about the mental game--trading is 100% mental and if you don't understand that or, if your mental game is not trained in a way that will make you money, you won't make money. Period. Successful traders ALL have the proper mental game.
Losing is a choice; it's not inevitable or unavoidable.
That's the most important thing I teach. Ask any of my former students. (Will be happy to provide names.)
1 comment:
This is no comment on agile trading.
Yes, it's mental, and so is graft and Control Fraud.
One point we keep coming back to is that Democracy only works when it remains dynamic. Among other things, that means when the distributed Middle Class acknowledges and actively counters the sociopathic Mental Games ALWAYS waged by the sociopaths present among us, in all wealth classes, but especially within the Upper Looting Class.
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