Most traders have a real edge but lose money anyway because they take 90% of their trades outside their system. They plan before the market opens, then chase every price move out of fear of missing out instead of waiting for setups that match their edge.
It's a massive issue with a lot of traders is they plan so much before the market opens. They have an easy click. As soon as the market opens, they see a move up, down. I got to get in it because if I don't get in it, I'm going to miss it. Here's the thing, right? My objective is to not catch every single move in the market. I don't look at the market moving down or up as me missing it. I just look at it as me not participating in that move because I have no reason to participate in it. If it's not part of my system and my strategy, I have no business transacting. And this is the reason a lot of people have an edge, but they cannot make the edge work because 90% of the trades they take are not following the edge.
