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Edge Is Emotional As Well As Tactical
- Trading edge isn't just tactical; your emotional makeup determines whether you can execute an edge under pressure.
- Knowing how you play and why you trade reveals whether your tactics will actually work in real markets.
Poker Comparison For Trading Skill
- Michael compares trading to playing Texas Hold'em to show knowing rules doesn't mean you can play well.
- He criticized online classes that only teach ranking hands rather than how to actually play the game.
Learn By Trading, Not Just Watching
- Do trade live to learn; real trading is the best educator compared to only consuming courses or videos.
- Identify your emotional payoffs so you can either play to strengths or fix weak parts of your game.