[bobnat]

I believe the most important step in a trader's journey is when he finally (if ever) assimilates the idea that trading is not about predicting the future. It is simply about taking calculated risks utilizing proper risk control and money management so that, in the long run, the probabilities pay off in his favor. It's hard letting go of the belief that the markets can be "figured out" or "predicted", but until it happens, one is going to get their ass handed to them eventually.

Nat