Quote from psytrade:
Exerpt from Trading on target.com EBook
I observed in this first trader what I have seen repeated over and over again -
most people are looking for a magical, technical formula for success.
Trading appeals to several different groups of individuals: probably the
largest group is composed of people who like math, logic, and technical
things. These traders feel very comfortable around technical things because
they operate on the basis of rules. The idea of fixing a problem by fixing
something technical is very familiar and comfortable for them. Although the
technical fix might require a great deal of work, it is what they understand.
What they do not understand and do not feel comfortable doing is fixing
themselves and the problems in their own lives.
To make matters worse, fixing things in themselves and in their lives might
require these techno-traders to make major life changes such as giving up
non-supportive relationships, <b>getting a divorce</b>, moving, or quitting a job.
Sometimes people are so attached to the way things are that they would
rather keep things the same and continue to fail than to make those changes.
Keeping things the way they are can also protect these traders from feelings
of failure, inadequacy, insecurity, and loss. So, it becomes clear how fixing
the wrong thing can look very right when so much is at stake! For this
reason, it is important to ask yourself the next time you want to fix your
trading problems by fixing your system, how well would your system work
if you could actually follow it?