Friday, September 12, 2008
The 80/20 phenomena
What is this ? Well, is it a win/loss ratio ? Not quite.
Trading is actually 80% mental / 20% know how. Surprised ???
It takes discipline to follow your method/approach with confidence and consistency.
That would give you the edge as a trader. When you have the discipline to believe in your approach/method, and consistently apply it without second guessing , you have an edge .
One example is waiting for the set-ups in your approach then taking the trade.
Thats discipline !!!!
So practice, practice , practice !!!!
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