Quote from Tradethoven:
You can have the best system out there, you can have something that works 85% of the time, BUT if you don't understand how to trade that system correctly in the heat of the moment and don't have the right mindset, you will fail.
It takes hundreds upon thousands of hours of practice to be able to get this. Many new people 'think' they have the right attitude. But it is not something you just 'have' its something you need to acquire
One can only have loses of 15% or lower by trading it, backtesting only gets one so far, it is mining gold out of a mountain, you have 100lb rock of ore, but by the time it actually becomes something, it is down to 75lbs.
I have over 35,000 hours of screen time thru trading over three decades, do I have secrets, you bet I do. Will I offer hints at them, what do you think? Once the barn door is open, the secret is no longer a secret and the masses get it. And there is no amount of money one can pay me for all the years of my experience, you can only spend so much in a lifetime. You work so many years, keep it to yourself, don't be greedy to allow brokers to possible figure out what you are doing, and build up your wealth.
Years of hard work shows one what doesn't work thru of backtesting, years of trading allows one to develop their "edge", your mindset, and years of study develops your money management.
Very few can endure the years of punishment to really learn about themselves and why Price moves the way it does. But once you do learn, you will be so surprised and ask yourself why you didn't get it your first year.
