Master something, knowing is not doing.

Herbert Simon, Nobel laureate: "A wealth of information creates a poverty of attention." Fr. Rohit Bhargava's book.

Just used this quote with a group of technical traders that make no money. After an hour of debating and listening to their positions I noticed that they all shared one thing in common. Alot of information, no ability. They were lacking the ability to execute a profitable trade and manage the money once in the trade.

Simple is better. Learning to consistently manage your trade once you are in to get the maxim benefit is the key. Mastery is not how much you know, it is how well you use what you know. So check your self. Quantify your trades, sometimes what you think and the reality of what you do is different.

Master, Master, Master.....