Mindset, and the decision to succeed are key. It really is amazing that the moment a decision is made that we will do it right, is when it starts to come together. A positive attitude will not stop the losing trade, that is the price to pay to be in the game, but it will help in the ability to survive for the longt-haul.

Mindset, and the decision to succeed are key. It really is amazing that the moment a decision is made that we will do it right, is when it starts to come together. A positive attitude will not stop the losing trade, that is the price to pay to be in the game, but it will help in the ability to survive for the longt-haul.

I agree, although often overlooked, psychology is the key. knowledge of your own mindset and as importantly, that of your opponent, is where the most important work is done.

I agree, although often overlooked, psychology is the key. knowledge of your own mindset and as importantly, that of your opponent, is where the most important work is done.

I agree with you all. It is however method, that will lead to both. You MUST have a method that you can backtest and see the results of first, before you can develop mindset. Mindset comes from the subconcious believe that your method will work over time. Psychology is important too. If you have too much on your plate, and on your mind, you won't be able to execute efficiently and that will cost you. But is still comes down to having a succesful method that you yourself have back-tested extensively, before you can execute.

Casey I like the title of your article. Similiar to the title of our book, which McGraw Hill chose. I thought it was a little pretentious at first, but it is true.

I agree with you all. It is however method, that will lead to both. You MUST have a method that you can backtest and see the results of first, before you can develop mindset. Mindset comes from the subconcious believe that your method will work over time. Psychology is important too. If you have too much on your plate, and on your mind, you won't be able to execute efficiently and that will cost you. But is still comes down to having a succesful method that you yourself have back-tested extensively, before you can execute. Casey I like the title of your article. Similiar to the title of our book, which McGraw Hill chose. I thought it was a little pretentious at first, but it is true.

Thats true Trout, Its a catch 22 that the mindset needed for success comes for the most part, after you have first experienced winning and you need a method to do that. But the method alone will not provide success. Ill quote you here " give 10 traders a system and 7 will lose money, 2 will breakeven or achieve small gains and 1 will do very well" Once a method is developed, I think what is needed in the meantime is dogged persistence and a leap of faith while waiting for the success

Thats true Trout, Its a catch 22 that the mindset needed for success comes for the most part, after you have first experienced winning and you need a method to do that. But the method alone will not provide success. Ill quote you here " give 10 traders a system and 7 will lose money, 2 will breakeven or achieve small gains and 1 will do very well" Once a method is developed, I think what is needed in the meantime is dogged persistence and a leap of faith while waiting for the success