This article in The Trader’s Pendulum Series discusses the Technical Trader’s Trap and what a trader can do to get out of that trap. As a successful trader and coach for the past 30 years, I have had the opportunity to closely observe the top performers in the industry. What I’ve noticed is that although most of them have expert technical skills, technical knowledge alone does not make them high flyers. Learning entrepreneurial skills and cultivating the right habits does.
There is no significant difference between Farah and Stacey (shown in the picture above) in terms of intelligence, education, prior experience, and personal caliber. They are both professionals (albeit in different fields), young, intelligent, ambitious, and highly dedicated to making their career a success.
But there is a real difference in the way they treat trading.
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