If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle. -Sun Tzu
How is the quote above related to trading?
We must first get to know ourselves. What are our shortcomings? When we lose a deal, do our emotions get the better of us? How much risk can you take? Which trading session or time works best for your lifestyle?
Then, we need to understand the markets, specifically the instruments that we are trading. How do they move during certain times of the day? When are they most volatile and what are the best trade setups for the pair?
When we master ourselves and the ability to read the markets, there is nothing that can stop us from performing consistently.
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