Norman Hallett has exposed the missing link to true trading success; that is, training the mind to a level of mental fitness (and toughness) to the point where the trader is able to keep his emotional tendencies in check while trading. This is no small task, but it can and is being done by all successful traders. In fact, it is virtually impossible to be a successful trader without it. Why then do most traders (losing traders) only pay lip service, if that, to this important subject?
As Norman points out, they are so focused on finding the "holy grail" of trading they completely ignore the most important variable; that is, the trader himself and his ability to trade with discipline, no matter what. You see, the losing trader embarks on an endless cycle of going from system to method to guru only to meet with frustration over and over again. And never looks at himself as the source of the difficulty.