Trading rules are only a small part of successful trading. The most important aspects of successful trading are confidence, consistency and discipline.
Rules that you can’t or won’t follow will not do you any good.
The Turtles had a lot of reasons to be confident in the rules they were given. For the most part, we had the confidence to follow them even during losing periods. Those who didn’t consistently follow the rules didn’t make money and were dropped from the program
Traders who want to be successful will figure out a way to gain enough confidence in their own rules of trading to be able to apply them consistently.
On the whole, we had the confidence and the discipline to consistently apply the rules we were given. This was the secret of our success as traders.
Those who failed to follow the rules invariably failed as Turtles. Some of them decided they could make more money selling the Turtle rules than they did as Turtles. - The Original Turtle Trading Rules.
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