My one shot @ #EURUSD Btw 1.0821 & 1.0800 is a buy zone. If sellers get run over above here, good to go. Only a decisive close below Monday Low, change this bias
It’s funny how you have traders on here saying that Psychology comes first or that it’s 70% of what makes a winning trader- yet you have someone like Jack Schwager who as interviewed and surrounded himself with the worlds most elite traders specifically stating that Edge comes first and that a true edge builds good psychology and eliminates the many of the psychological ailments that plagues traders.
This is something I’ve been adamant about for years. I genuinely believe people who say psychology comes first do not actually trade profitably.
Psychology is a crutch. It’s like self help. It’s a never ending loop of distraction that masks the real issues so you can stay in their community longer. “It’s not the edge, it’s you. You just need to work on yourself more”
A true edge is repeatable. It’s systematic. Over time instinct is built. This discretion is what separate masters from average traders. Time to wake up people.
Looking forward to seeing all the tweets get deleted that show them saying “psychology comes first” and for all those psychology courses start to crumble.
Jack’s experience is irrefutable. You need a true edge to be profitable. That comes first- good psychology is a byproduct of a winning edge.
Trading is all about proper decision making.
How many solid decisions can you make in a day or even a week?
I argue the more actions you take, the bigger the margin of error.
My aim is to make 1-3 REALLY good decisions per week.
Any more and performance suffers 📉
Every price chart tells a story of pain and profit. As a trader, understanding where the most pain points are can help you identify opportunities for profit. - - 10xTraderz