Quote:
Originally Posted by cas
Books of theory are of no use if A.C.T.I.O.N. is not taken.
You can fill your headspace with all the theory you like...in the end it comes down to required behaviour that any given situation while in a trade demands.
Trading isn't suited for people who are undisciplined, lazy, disorganized and fearful. That applies to their psychology and their mental state as well.
Unless above behaviour is identified, accepted, dealt with and modified no successful trading over any length of time will be forthcoming.
The sooner people get that fluff out of their headspace that successful trading can be archieved without serious commitment to all aspects of trading the higher the probability that they make it into the 5% group.
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People have to begin the process where they are. Did you ever wonder why most professions begin with an extensive study of THEORY in the beginning before delving into practical application? Trading is no different.