90% of people lose money and 10% make money. Sit down and ask yourself this:
Of the 90% who lose, how many of them have huge weknesses in their trading tools and mechanics and yet are unwilling to do something about it?
Now, of the 10% who are winning, how many of them have been Maxing Out?
Now, lets look at those who are Maxing Out: what is their approach? Is it :
lets be Professional OR lets just take flyers?
let me get a great set-up OR lets just see i get on and make a few adjustments when i get burnt?
let me make sure I have a as much relevent market news as I need OR well lets just play that one by ear and watch news every now and again?
let me get state of the art software and a damn fine trading line OR well the internet and this free software does just about a good enough job?
let me speak regularly to connected guys like market specific brokers and traders OR i dont value knowing stuff that does not make the newspapers?
etc etc etc
BEFORE you all jump on this, remember we are talking about MAXING OUT, thats having regular big winning days, not just the odd dream trade once every twelve months
Of the 90% who lose, how many of them have huge weknesses in their trading tools and mechanics and yet are unwilling to do something about it?
Now, of the 10% who are winning, how many of them have been Maxing Out?
Now, lets look at those who are Maxing Out: what is their approach? Is it :
lets be Professional OR lets just take flyers?
let me get a great set-up OR lets just see i get on and make a few adjustments when i get burnt?
let me make sure I have a as much relevent market news as I need OR well lets just play that one by ear and watch news every now and again?
let me get state of the art software and a damn fine trading line OR well the internet and this free software does just about a good enough job?
let me speak regularly to connected guys like market specific brokers and traders OR i dont value knowing stuff that does not make the newspapers?
etc etc etc
BEFORE you all jump on this, remember we are talking about MAXING OUT, thats having regular big winning days, not just the odd dream trade once every twelve months