Trading Tips: The Simple Secret to Making Money Trading

You know, there's a really simple key to making money and trading. And it's if you pay attention, this will save you a whole lot of grief because it really is simple. And it's just funny because if you look at the traders that, you know, are still struggling, you know, versus, you know, when we've made it, this is one of those real simple things that's easy to overlook and it really will make your life a whole lot easier. So here's what I'm talking about. I was looking at this article yesterday. It had a bunch of different statistics about traders and trading and had some cool things on there. You know, like the average tenure as far as, you know, struggling traders versus successful traders. And, you know, the successful traders have been trading for an average of 5.4 years since particular sampling. Struggling traders were at 2.6. Yeah, yeah, they didn't have as much time in, you know, took a look at like, you know, how much, how much time they traded each day. Both groups were about three hours each. And one of the other statistics that I found kind of, kind of interesting was that the struggling traders, they, they spent the majority of their time as far as, you know, like, as far as what they're working on, trying to develop or how they're trying to affect their trading, their main focus was on, you know, finding better entries. And the group of successful traders, they. They focus their time as far as trying to improve their trading, you know, working on mindset psychology. Now, here's one thing you're about to discover when I share the simple secret with you. There's more to it than psychology anyway. So here's, here's the thing. Here's the real simple secret to making money and trading. And it really is, it's this simple. A good system executed consistently, even a mediocre system executed consistently will outperform and make you more money than a great strategy executed inconsistently. And this is where so many, so many traders, they just, you know, they keep thinking, well, I'm struggling, you know, if I can just finding a better strategy. If I just find a better strategy. And it. No, the whole thing is if you can just get good with even a decent strategy. Because, see, here's the thing. There isn't a shortage of good strategies. Trading's been around for a long time. There have been a lot of really good strategies over the decades that have been, you know, published where the guy that developed it, they put it out there, they laid it out in detail. Like Nicholas Darvish, great example. Click. Back in 1959 or 1960 when his book came out, how to make $2 million in the stock Market, he laid out his entire system in detail. But so many people would try to jump in there and mimic or use his particular method and they didn't make money and the guy didn't hold anything back. The whole thing was laid out so it's not like he left out a missing piece. So it really is all in the execution. Now here's a second simple key though. Execution comes down to more than just discipline. See, one thing I learned a long time ago working with traders, trying to fight, you know, figure out, you know, like fighting hesitation, you know, what was causing it. We had to take a look at the system that they were using. System. They had a crappy system. They had an idea for a system. They didn't really have a good system and that's why they were struggling because your system is how you execute a strategy 100 or 500.