The Most Common Weakness I Observe Among Traders
There is a myth among developing traders that all you need to do for success is find a style of trading that fits your personality and then stick to that style with discipline and consistency. What nonsense. Consider other performance domains, such as basketball or surgery or opera singing. Does a basketball team stick with a single defensive style regardless of the competition? Do surgeons follow techniques based upon their personalities or based on objective scientific data? Do professional singers adopt the same style to every composition they perform? The reality is that high performance professionals learn to adapt their styles to the conditions of performance . A tennis player adapts to clay and grass courts. A football team adapts to changing defensive alignments. Actors adapt to their roles. The most common weakness I observe among traders is that they seek a style of trading and attempt to fit that style into all market condition...