From an interview with Glen Ring for Real People; Real Traders
What is one of the biggest mistakes traders make?
They try to be too perfect.
Thought of the Day – Thursday 21st October 2010
October 21, 2010
FX Trading, FXTrader Paul, Thought of the day, Trading Education, Trading Performance, Trading Psychology, Trading Resources
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A professional Trader and Coach, FXTraderPaul blogs about his adventures from the front-lines of FX Trading. A Trader and educator who can walk the walk as opposed to merely talk the talk!
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FXTraderPauls Trading Adventures 
October 21, 2010 at 5:17 pm
I have heard it said that “perfection” is the lowest standard.
If I were to try to make all of my trades perfect, I would probably never enter a trade or end up losing money on trades by failing to be flexible with my trade management as a trade develops.
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October 21, 2010 at 5:48 pm
Wise words indeed. I knwo myself that I tend to veer towards wanting perfection which can help raise standards but can also be inhibiting when it comes to trading. We all crave certanity and sometimes we think waiting for the ‘perfect’ set-up will deliver the certainity (of profits & of being right) we crave. Alas, that is rarely the case!
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