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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