Learn to behave and think differently than the ninety percent of traders that lose money on the markets.
Traders Mental Edge: what is it?
Mental Edge will walk you through a methodical approach to your trading psyche. One often cited trading-related statistic you have probably heard before is “over 90% of traders lose money”. If trading was as easy as having a technical advantage, why is it so difficult to reach the top 10% and start making money?
Many traders have a logical systemized trading plan set out; they have refined and backtested their strategy to prove its technical edge; they approach each day in the markets with the best intentions, yet they find themselves repeatedly making the same mistakes, so undermining their trading account.
These traders will probably receive a very quick answer when they ask their mentor what they should do after experiencing a losing run. Usually wrapped up as “stick to your plan,” “stop acting from your emotions,” you have learnt your lesson and now the future is so wonderful! You’re sitting there confused at the same time, wondering what this lesson you expected to learn is.
