Assuming one has a decent good knowledge of the financial markets and simple reliable accurate system, this does not mean one is ready to make money. The biggest road block to anyone who wants to be successful in profiting consistently in the financial arena is no other than the same person when you look into the mirror.
Learning about markets, trends and systems can be achieved DIY swiftly. However, the one in the mirror is the hardest challenge to change.
By nature, human are eager for actions and immediate results. The patience level is almost NON-existent and this "internally wired software" need to be "reformatted" to be more patient waiting for a good low risk versus high reward setup to act.
I had my fair share of shooting from the hip over my years in the market. The biggest mistake comes when we react to price without checking and confirming a trend reversal set-up is in place before we pull the trigger. Instead of waiting for durian to ripe and let it fall, I fell into my own trap of cutting the durian fruit down prematurely. This is due to our desire to be part of the game and fear of missing the boat.
In fact, it is due to the condition that the trend HAS NOT reverse when we jump into water and most of the time our failure to use appropriate "orders" to initiate entry.
My own experience shows that 99% of the time and effort is learning the charts, systems but we spend less than 1% of the total time effort resources on rewiring our emotion and internal mental mindset.
This non-visual (emotional) factor is probably the most crucial element besides money risk management and trend systems. Unfortunately most of us don't pay much attention on this.
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