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businessMay 8, 20184:33pending

The reason why great trading tactics are boring

Trader Mindset

About this episode

I don't believe there is anything that can be called "advanced trading." Most of the time that I see that expression, it's in marketing literature. 

The best trading rules that make your money are easy to understand and simple to execute. Words like "advanced" are there to feed your ego. 

My take is that if a trader has a strong sense of self, then finding the right trading methodology is easy (or easier). Trading is largely psychological and emotional and the best traders acknowledge who they are and what they can handle, and act accordingly. 

I've said before "if you don't know who you are, then what you know doesn't matter" when it comes to trading. 

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The reason why great trading tactics are boring

Trader Mindset

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