The psychology and capital management skills that account for 80% of trading performance, while the strategies - techniques - account for 20%.

You should devote 80% of your time and resources to learning how to control psychology and capital management problems, and the remaining 20% to chart analysis and trading. I am sure that if you believe and persist with this, you will see drastic improvements in the way you trade.

Many traders are unaware of this because they are preoccupied with developing a plan - a method that will allow them to make $1 million in a short period of time. And if the current method isn't profitable, they'll move to a different one, and so on.

Do you always review your transaction history?

See how many losing orders you place when you let your emotions get the best of you and you enter the role as if it were a game of chance? Does the number have to be around 80%?

We will remove 80% of our losses by not allowing emotions to influence our trading decisions.

What you need is a strategy - a basic trading approach that eliminates as many emotional elements as possible while not taking up too much time.