Not Really. But there’s one thing that is absolutely necessary, and there’s no doubt about it. It can literally be the difference between success and failure. It’s not complicated, but it’s not easy to achieve either. And it’s not obvious until you get farther along in the learning process. It’s the ability to RALLY.

Well, all traders get stuck. All traders go through slumps and crises of confidence. All traders hit that wall at some point in the learning process where they feel like they’re going nowhere. This can happen over and over again, in fact. Trading is a Profession after all, and this is reflected in the learning process. Learning to trade requires hard work, discipline and the gradual accumulation of knowledge and skill. It takes practice, practice and more practice. It’s a process fraught with obstacles, most of them psychological. So traders get stuck.

and launch a renewed offensive – in other words, RALLY – when they hit these slumps or crises of confidence, aspiring traders almost always feel like the only alternative is to quit. And this is what many of them end up doing because it just feels like an exercise in futility. It’s the traders who learn how to rally themselves back in the game every time they get stuck who have a significantly higher chance of persevering and becoming consistently profitable in the long-term. And that’s why we’re here.