Oh No, NOT Another S&P EMini journal...

Quote from austinp:

...The holy grail in trading is self-management of oneself while using an approach which has positive expectancy to profit. The most well-tuned trader using a failed approach cannot succeed. Likewise, a method or system with 75% win rate and 3/1 profit-loss ratio will not be profitable for someone who cannot properly manage oneself.

It's not the system - method alone, and it's not the psychology alone... the pairing of both is critical for consistent success.
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more good stuff! and the market hasn't even opened!

Hey Goodday,

Your thread has turned into the Philosophers Stone, who knew? :)
 
Quote from JimmyJam:

more good stuff! and the market hasn't even opened!

Hey Goodday, Your thread has turned into the Philosophers Stone, who knew? :)
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Good Morning JJ.

I always believed that a "system" is the least important of the variables in the recipe for trading success. I don't mean to say it is irrelevant but far less important a factor than most beginners realize . A lot of this discussion supports the same belief, atleast for me. Consequently, this type of discussion is far more relevant to ultimate trading success.
 
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