In Van Tharp's discussion of the ingredients of Trading (Trade your Way to Financial Freedom), he said that some senior traders have an importance weighing scale:
Psychology..................60%
Money Management......30%
System.......................10%
He commented that actually all are Psychology - even Money Management and System are contributed by Psychology.
In this polling, I want to get the general opinion about the importance of Psychology on this forum.
Remarks:
Site Administrator has accidentially erased the initial polling (16 votes made), upon my request to clear typo mistakes on the options (Member cannot edit polling options)! I know it is not a good thing. I was so sad about it (This bit is not very serious). I have no way but reposting the polling. But now, I think it is a good idea to distinguish between already profitable traders and not yet profitable traders for this polling. Hope to continue recieve your support, despite the eariler accident.
Psychology..................60%
Money Management......30%
System.......................10%
He commented that actually all are Psychology - even Money Management and System are contributed by Psychology.
In this polling, I want to get the general opinion about the importance of Psychology on this forum.
Remarks:
Site Administrator has accidentially erased the initial polling (16 votes made), upon my request to clear typo mistakes on the options (Member cannot edit polling options)! I know it is not a good thing. I was so sad about it (This bit is not very serious). I have no way but reposting the polling. But now, I think it is a good idea to distinguish between already profitable traders and not yet profitable traders for this polling. Hope to continue recieve your support, despite the eariler accident.
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