It takes most new traders WAY longer to get to the Eureka moment than it needs to because we just don't want to hear the truth, until we are forced to - and sometimes its too late.
Almost every book/training course on trading says the same thing - Money Management and Mindset are critical - more important than your system - and yet the majority of new traders put almost all their effort into their system and only a tiny fraction into Money Management and Mindset. We treat them like optional add-ons rather than the priority.
If every new trader got hit over the head repeatedly with the reminder "its 80% Mind and Money Management and only 20% system" and they allocated their time and effort accordingly, many more would make it.
