N11
I am assuming one has some plan, strategy, system or rule set in place. The edge only comes from quantification and belief.
And therein lies the problem. To have an edge you first must have the discipline to compile the data to define the edge. Most traders don't.
My assertion is that no matter what you believe your edge to be, the discipline to act on it consistently will be the failure of your edge being realized.
I maintain that every aspect of successful trading starts with discipline; perhaps not exclusive of all other factors, but predominantly and continually.
And for roulette, bet on red every time!
QuoteDislikedTell me how will discipline make you money in casino when playing roulette? First you need and EDGE and only after that u need discipline to execute the system with an properly defined edge.
I am assuming one has some plan, strategy, system or rule set in place. The edge only comes from quantification and belief.
And therein lies the problem. To have an edge you first must have the discipline to compile the data to define the edge. Most traders don't.
My assertion is that no matter what you believe your edge to be, the discipline to act on it consistently will be the failure of your edge being realized.
I maintain that every aspect of successful trading starts with discipline; perhaps not exclusive of all other factors, but predominantly and continually.
And for roulette, bet on red every time!