That's a very interesting point. I much agree with you and DB than trading is much more than simply putting a few indicators on charts and making huge money.
But this deeper understanding of the game... what exactly drives it?
On a surface level, I think there are quite a few elements to it such as determination, challenge, pro-active, will power, open-minded, focus, concentration, right understanding, a need to analyse and to know more, effort and maybe perfectionist. You can probably group all these under "right mental attitude"
On a deeper level, likely to be naturally interested in the markets, the passion, creative, analytical minded, great self-control, awareness.
On a even deeper level, all meant to be.....one will naturally have it. It isn't something everyone has no matter how hard one tries.
cornix said:
I suspect that winners and losers in trading (as in many other areas of life) tend to be driven by different motives.
I don't agree here, again, I would say it is all meant to be.
"Motives" would be on a surface level. If you were to investigate deeper, it should reveal those who succeed are different, in the way they do things. They are very efficient and they know their subject in a lot greater detail, they know how it works, they know how to take advantage of it, after probably years of effort/experience/testing.
It is certainly not something an "ordinary" person "can" do, hence I say, they already have it in them to do it.
A good example here would be:
Say Bill Gates and you!.....say we turn the clocks back before Bill became successful and swap positions. You will not be as successful or equal (at least) as Bill in his position simply by switching positions. Bill Gates cannot be "replaced" by another person and achieve the same results. No one can do what he "can" do.
