Trading is a journey ofself-discovery; success lies in understanding
who you are.

When trying to improve as a trader, most people look outward; but the only way to succeed is to look inward. We all have strengths and weaknesses, and being truthful about ourselves is the key to becoming a great trader. Who and what we are is not right or wrong, it is simply who we are. We have strengths and weaknesses, but how we manage them is essential to success in managing our trades.

Most traders trying to improve will first search out more gurus, better software, and new trading systems. They suffer from "if only" syndrome. If only  I knew more,  only I studied more, had better picks, more computer screens, or a better chat room--then I could get it right. They look everywhere but in the mirror.

When their trading doesn't improve, they move on to more information, another system, or another guru They will either run out of money or patience, or both. What most traders lack is ot information, but a deeper understanding of themselves and what they need to turn themselves into a
success.

BELLS AND WHISTLES

If you can 't trade with price alone, indicators won't help you. Because of the new technology of computers and software, we are constantly barraged with vendors selling us the latest hot system of bells and whistles. Vendors do not trade stocks, they trade dreams. Their job is to sell you a
system of flashing lights and buttons and convince you that you will be able to trade better and fulfill your dreams of riches. In truth, if you cannot trade with price, then indicators won't help you. Most indicators are based on price.

Price matters most above all things. Never trade off indicators alone. Price is the only truth you will ever find in the stock market. Price is where buyers and sellers all agree at the same time. Price is exactly what the stock is worth now. You may think it is worth more or less, but price is telling you what is really worth, whether you believe it or not. That is not to say it will remain at the same price, but traders must trade on what they see now, not what they hope to see in the fut

Dr Charles Schaap