So- who makes the rules for your trading? You do.
Who executes trades based on the rules you make for your trading? You do.
Who tells you if you are right or wrong about the rules you make? Well, the markets tell you but you have to listen and take action. So, once again---it’s about you.
In this type of environment, many people flounder. They are not used to making their own rules, executing them and taking personal responsibility when their rules are shown to be an illusion by the markets.
In the end, your freedom in the markets is solely a property of who you are, what you believe, what you believe that is not true and what you do about it. In most cases, it is the ability to think in probabilities in a counter-intuitive manner that separates the losers from the winners. In other words, the same type of thinking that brought you so much success in the world outside the markets will not bring you success in the markets. Think about this for a second, please. Let it filter in and then try to get your brain around this concept. It is critical to understand this at the deepest level in order for you to move forward as a trader.
Although you may be trading in your pajamas, this is not a slumber party. It’s a daily battle in a long war where you must plan your own strategy and tactics and take complete personal responsibility for what happens to you---and your money!
http://www.financialsense.com/fsu/editorials/dorn/2009/0724.html
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