A major reason why wealth eludes traders is poor preparation. The path to success begins with the words, "I need a plan."
How do you know if your plan will be effective? Even among those traders who have a plan, most have no idea how effective it will actually be.
Let me ask you a question: Would you bet on yourself to win in a duel with Bruce Lee?
No, you wouldn’t.
You know that the moment you step into his reach, you’re going to be flat on your face. It’s not a matter of IF you’ll lose; it’s about HOW QUICKLY you’ll lose. Similarly, individual traders trap themselves by trading like Bruce Lee every day—they click the buy button with the hope that they might win, when they never had even the slightest chance to start a fair fight.
You see, most traders operate unconsciously and without a plan.
