CHAPTER 9YOU VERSUS YOU

You can be given the best tools in the world on a silver platter to analyze the market, have the best data feed and charting software available, be running the best risk analysis tools in the industry, have the perfect chart setup sitting in front of you, and still lose money trading the market.

You may ultimately call the setup, the entry, the target, and the timing correctly and still lose money.

What do you mean? How can this happen? Is it possible to stop it? If this is true, what’s the point of trading in the first place? Those are all excellent questions.

The simple answer to what causes people to lose money with a winning system is psychology. The trader is causing losses by taking actions outside a proven system. ...

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