If you truly want to make a living from trading, I suggest you seriously answer the following ten questions.
First:
How much money do I really want to make?
Second:
Can my principal support this goal?
Third:
What is the maximum drawdown I can tolerate?
Fourth:
After I lose ten times in a row, will I change the system?
Fifth:
Do I like the excitement of short-term trades, or do I prefer long-term compounding?
Sixth:
How much time per day am I willing to spend trading?
Seventh:
Am I really better at trends, ranging markets, or event-driven strategies?
Eighth:
When I lose money, do I analyze calmly, or do I rush to get it back?
Ninth:
When other people are making money, can I still resist the urge to chase?
Tenth:
If I haven’t made any money in the next six months, can I still keep following the system?
If you can’t answer all ten of these questions,
then what you might be missing right now isn’t a better indicator.
What you’re missing is:
not understanding yourself well enough.