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Success: Single Most Important Ingredient

Sunday, October 2, 2016 21:04
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(Before It's News)

  • On BarroMetrics Views: Success: Single Most Important Ingredient

“By the students, the educator is taught.”

Modern research is unequivocal – success comes from developing our ‘inner voice’. And developing that inner voice is to ensure compatibility between a trader’s Method and his MIND.

By that I mean, to trade successfully you need to melding your intellect and intuition.

For example, for the discretionary trader, he is constantly drawing a line between being wrong and losing money on the one hand, and on the other, missing out and leaving money on the table.

To resolve the conflicting fears, we need both our intellect and intuition.

The tools we use are:

  • Intellectually: stats – MAE ( Maximum Adverse Excursion), Positive Expectancy Return, etc.
  • Emotionally – learning from our experiences with a view to accepting outcomes outside our control, e.g. the result of any individual trade.

The resulting experience provides insights into our behaviour – insights essential to our trading success.

The problem most newbies encounter is a non-awareness of the role of the MIND. They ten days to jump from method to method, looking for the success that eludes them – not realizing that part of the solution is within.

If you aren’t experiencing the success your skill and knowledge deserve, perhaps you have not developed your Inner Voice?

The post Success: Single Most Important Ingredient appeared first on Ray Barros' Blog for Trading Success.

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