I got a great email from a 1 on 1 student this morning. He and I were trading emails about why he was not successful recently in his trades. And he then told me the coolest thing.
Here is what he said:
"I'm starting to think that the results are better if you trade the patterns religiously and follow signals (break and close) regardless of if they seem to tell you, say, to go short just above another support level. I guess if you don't, the system just becomes too discretionary and you will always find an 'excuse' not to trade. Is this a fair comment?"
This is brilliant. This sums up, in just a few sentences, exactly what held me back when I was first starting to cross the line to profitable trading. It's all a mental game. 99% mental and 1% technical.
Once you have a tested system, once you have identified profitable patterns -- and this is not as hard as many of us think it is -- then you have to be rock solid in implementing the system.
