If you have learned a good trading system and know the mechanics of entering and exiting trades and you
can make money on a demo account, this does not meant you have the temperament to trade successfully.
Most people can learn the mechanics of trading and talk the talk but they cannot walk the walk because
they do not have the proper attitude.   It is the attitude that makes the difference between the
successful traders the not so successful traders. If we do not know how to lose then pain and the lack
of logic along with follow through on the trading mechanics will take over and you will lose and not know
until the trade is closed what is happing to you.
The advantage a trader has is to be able to spot trades that will give them a greater chance for success.
Since trading cannot be 100% then we have to be concerned about the 15 to 25% of the time when we are going
to be wrong. To have a better gauge of how successful a trade might be one has to get knowledge,
experience, and practice. To become a successful trader it is not so much about having big winning trades
but having more winning trades than losing ones. Trading is a numbers game so you can expect to win some
and lose some. It has a great deal to do with how you manage your trades. When a losing trade is managed
properly it can be a small loss rather than a large loss. When a winning trade is managed properly it can
become a larger win if you don’t get greedy.
To become a good loser you need to learn the difference between experienced losses and losses that cause
suffering. We first need to get the education and logic behind trading then we need to strengthen the
emotional side of trading. Having a trading system the gives exact entry and exit points can do this.
Systems that move with the market to let you know when to get out.