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Great trading systems do need Great traders to produce success!

Strategies are methods of how to get things done. Consider them your personal recipes for success!

Van Tharp: you see the signal, recognize that it is familiar, and because it matches what you are looking for, you feel good about it and act on it.

The irony is: Most traders cannot do that! They were successful in their own domain using a particular decision strategy and they want to continue to use that strategy in the market. As a result, when they see a signal to trade, they use their well learned decision-making strategy to decide if the signal is valid and whether or not to act on the signal. Their “normal” strategy that worked well for them for so long does not work well here in the market. They end up feeling some emotions when they trade and they lose money.

Work on the Mind!


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