The following is a very good article about what we constantly are trying to imprint on everyone. It is ourselves, our emotions, our psychology, which is by far the most important part of success vs failure in this business. Quit chasing the GURU or that great trading system or method. I believe my own method is excellent, but I developed that over YEARS. When I started, my only goal was to survive and pay bills. That took me almost 3 years of a tremendous amount of hours per day, effort, commitment and consistency. That alone was a huge struggle. Do you really have what it takes to do that yourself? Be honest with yourself, because I can tell you that you DO NOT. Is that scary? Then get off your ass and prove me wrong.
You DO NOT need to trade everything all of the time. You DO need to learn that this business is PROBABILITIES. You DO need to learn that this business is trade setups, entries, exits. Period. There is no one with all the answers. Why do people flock to that person who supposedly has some crystal ball or can predict anything and everything always. What is it with people that they think someone is that omniscient. That is absurd. We all make mistakes, we all get it wrong sometimes, we all have to take losses. When I am trading well and there is a good liquid market to trade (good PARTICIPATION), my win/loss is around 80%. In a “bad” market it is around 60%. You just get better and better at this business, but only if you work at it and are consistent with it. This thing is never easy. Is it worth it to you?
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