You ask me, I answer: In trading, what is the most important thing, what is the most difficult thing?
1. Admit that you are a fool.
The main reason for constantly losing money in trading yet becoming more resilient is the refusal to admit mistakes. Only by denying oneself and acknowledging errors can one find the root of the problem. Most people are unwilling to face it, or they simply don’t believe in misfortune, thinking they are the chosen one among many. Bah. Idiot. Does God not know numbers? There aren’t that many sons.
2. Enough capital to keep you off the betting table.
Capital is an advantage in strategy.