The Trader or The Strategy - Which Is More Important?

[Jadzia.Daxtrader]

@DivaMakosh

Several of the replies in this topic actually explain why so few people manage to trade profitably, with the beliefs they have

Very true, lol - but actually there are also many very helpful and accurate comments in the thread … things of which many beginners are unaware (there’s hope for them: they can learn!) but some want to remain unaware (there’s no realistic hope for them: they want to recommend and read Mark Douglas, not to understand probability!).These are great comments …

@SallyFourthEqual

No degree of adaptation and management will help him if his strategy doesn’t have an edge

@Thira

if it doesn’t really have an edge in the first place (like most “strategies” don’t), then you can’t trade it profitably whether you stick to it or not, whether you manage risk well or badly

@ForexJuggler

the majorities who don’t hear it are the same people who believe that their psychology matters more than having a proven edge

@Speedy_Scalper

the strategy isn’t just “more important”: it’s everything

@tommor

Strategy-hopping is a dangerous response to losses

@NeitherFishNorFowl

price action systems can be algorithmically reproduced for backtesting purposes just as easily as indicator-based systems