Well your not going to find it in the “Flavor Of The Month Holy Grail System.”
It actually ridiculously easy to learn and understand, but very hard to apply in the real world of live trading when your hard earned money is on the line.
So drum roll please, here it is…
To be a successful trader you need to do these 2 things EVERYDAY.
1. MANAGE your money through strict money management.
2. MANAGE your emotions so that fear, greed and regret never play a part in any of your trades.
That’s it… I kid you not!!! So, if you can manage these 2 small things you can end up with some very potentially large gains.
How to manage your money and your emotions goes way beyond the scope of this article as I could talk for hours on them but… I really want you to start thinking about this topic. I’m not being dramatic when I tell you with 100% certainty that if you can’t mange these 2 areas when your trading, you will fail. Maybe not today, or next week or next month, but it’s just a matter of when.
Since 2003 I’ve had over 11,000 students come through my doors and I’ve seen many of them fail because they didn’t pay attention to this simple message I’m now sharing with you. Listen, I’m not trying to rain on your parade, but trying to wake you up so that you don’t make the same mistakes that I’ve seen happen over and over again.
By the way… For my first five years of trading I couldn’t turn a profit because fear had a death grip on me forcing me to constantly second guess myself. In the end I kept making the wrong decisions, decisions I knew I shouldn’t be making. Anyway…
I sincerely hope this gives you some food for thought!