In conclusion, trading is not about immediate results; as long as one remains in the market, it ultimately depends on who can last the longest. Those who can endure until the end are destined to be solitary traders.
The American futures expert and author of the 'Market Profile Theory,' J. Peter Steidlmayer, summarized a very insightful formula.
Trading Results = Market Understanding × (Trading Strategy + Self-Awareness)
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In the long run, trading results are a reflection of a person’s overall or total investment in the market. Traders invest not only capital, energy, and time but also knowledge and analytical skills, which are equally indispensable. Moreover, subtle factors such as the trader's character, philosophical values, artistic cultivation, and religious beliefs can have a decisive impact on the final trading results.