I just want to add a few words about failure. Why do people fail? This can be applied to just about anything and not trading specifically.
Why do people fail?
- The wrong environment
- They do not have a strong enough reason why.
- They do not follow the plan
- The going gets tough……..
- They are thinking in the short term
- They do not feel the pain
The importance of a reason why
- It provides clarity and focus
- It helps keep you focused
- It helps to motivate you
- It keeps you determined
Does any of this ring true? just some things to look at. The list is certainly not exhaustive