My 3-Legged Stool in Trading

Disciplined Trading Strategies

I know the “Three-Legged Stool'' concept has a lot of uses as a metaphor. For a long time however, I’ve used it to describe what people need in order to be successful in trading/investing. I have spent some of my prior podcasts discussing what you do not need, what you should never be looking at. I always make that a focus because so many people fail by looking at all the wrong things. You can glance at the slide notes to see a quick title of each of the three legs. I know it to be true that traders will only succeed when they have mastered each of these legs. It is not hard to do at all, it is simply a matter of knowing what to focus on.

Here's the chart to follow along:

Chart 1:
https://drive.google.com/file/d/1rgRxZkhw-rR0Muo_EzzBtOKqQAgaT3JK/view?usp=drive_link

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