[mrbaseball]

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You can teach principles such as indicators and chart patterns in books but you can't teach discipline

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I would argue the exact opposite. You can learn discipline and money management but you will never learn the markets. As Douglas argues even a mediocre trading strategy with the proper mindset will outperform the market wizard with bad technique. You can learn a plan. You can learn how to stick with said plan and let the proverbial profits run while cutting the losers short. Most people don't or won't. Most people sucumb to their fears and greed. Most people, if even for just a split second will think they are smarter than the market and this is their undoing. But the proper attitude and mindset can be learned. Much easier than market indicators.

All of those indicators and principles and chart patterns work. Sometimes [img]/images/graemlins/smile.gif[/img] But the proper mental attitude works at all times. In the book "Mastering the Trade" John Carter describes the stages of a trader. For many the last stage is "the search for the holy grail". That one pattern or indicator or situation which you can't lose. But it doesn't exist. What does exist is a solid plan enforced by strict discipline. That plan and discipline can be learned by anyone if they are willing and commited to do it. But the searchers of the holy grail will never find it.