2. Not many people
realize that top
investors and traders
believe that 90% of
their success lies in
psychology and
money management
and ONLY 10%
strategy.
3. They end up searching
for the next best
“winning” strategy,
never realizing that
their subconscious
beliefs, values, past
conditioning, and
expectations are what
truly govern how they
trade.
4. Ultimately, they make
some money, but are
never as successful as
they can be – some make
tragic losses in the
market and swear off
investing forever.
5. Professional trader
Kathlyn Toh has coached
more than 1,000 traders
in the past few years. and
wants to guide beginners
on their investing
journey.
6. We caught up with her
recently and asked
her these questions
on how you can avoid
these costly mistakes
to save them time and
money.
7. Question: So we know 90-95% people
fail in trading and only 5-10% succeed.
But what is the root cause?
Many courses and
marketing messages out
there do not provide a
complete picture about
trading which may have
misled people to think
that trading is just about
learning a strategy.
8. So, many people keep
looking for that perfect
magical strategy. They
want to learn everything
from a guru and follow
exactly the steps
defined to enter a trade,
then expect that trade
has to be right.
Question: So we know 90-95% people
fail in trading and only 5-10% succeed.
But what is the root cause?
9. So, when a trade goes
against them, they find it
difficult to handle the
disappointment and
doubtthe strategy and
themselves and either
give up trading
altogether or look for the
next bright shiny object.
Question: So we know 90-95% people
fail in trading and only 5-10% succeed.
But what is the root cause?
10. Q: So, how can this problem be overcome?
Trading well requires
discipline and the ability
to manage our human
natures e.g. greed.
impatience, hope, fear,
excitement, denial, and
ego.
11. To be in the top 5-10% of
successful traders, one
should start with having
the right beliefs about
trading and embrace the
psychology of the top
traders in the world.
Q: So, how can this problem be overcome?
12. You can make money
with a 3O% success rate
strategy and you can also
lose money with a 90%
success rate strategy.
Again, the strategy isn’t
the most important thing
in trading.
(Continuation On Part 2)
Q: So, how can this problem be overcome?
