You Must Approach Trading

Holistically

With These Three Things:

1.Methodology: You’ll need a methodology that’s conceptually correct. And, since the only way to profit from trading is to capture trends, that methodology should be trend following in nature. Further, since it is much harder to follow a more complex methodology, it must be simple and easy to follow.
2.Money Management: Since trading is unfair, you must limit losses while still allowing for unlimited gains-and not just the opposite! You must be willing to get out when you’re wrong but stay the course when you are right.
3.Mind: And last, but certainly not least is you. The best methodology in the world is useless if you don’t have the proper mentality to follow it. You must accept the fact that you can’t control the markets. You can only control yourself. By trading only when conditions are conducive, planning the trade and trading the plan you can overcome the battle that’s from within.