Insist that your friend read "Trading in the Zone by Mark Douglas, with particular emphasis on the latter chapters. He needs to understanding that knowing whether the next trade is going to be a winner is irrelevant to trading success. This is a statistical game. Assuming he truly has a trading edge and proper trade management, then over time, that statistical edge will make him consistently profitable.
My friend's trading problem
- Thread starter millionaire7
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That's brilliant.
She will of course, follow the sytem perfectly because she doesn't know any better, and has no types of prejudicial knowledge about the markets to tell her anything but to do so.
Whereas he is stuck in the middle of his development as a trader and can't move forward to a place where he can capitalize on his knowledge.
Thanks for the replies
If he start trading right now, disaster is right around the corner. The system could be incredible, but it will certainly enter a rough period. He needs to get his head straight before trading even if this takes months! Greed is the only reason to start pulling the trigger before he is emotionally ready. We all know what happens to greedy traders!
Nah, if the guy has half-a-brain, he's definitely going to co-opt (ie., steal) your friend's system.
It's better to just keep it in the family, and/or keep working on the psyche.
Hmmm... would that be me?? haha Miss ya on Paltalk bro!!!
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