If there were a primary mechanical task that traders undertake to be profitable, it would be seeking an edge. They study indicators, optimise position sizing, experiment with entries, and spend endless hours refining their systems. Yet one of the most powerful upgrades costs nothing. It is a belief. We are not talking about mindless motivational slogans or nonsense such as The Secret or trying to get the universe to manifest profitability for you. Psychologist Albert Bandura’s work on self-efficacy showed that an individual’s belief in their ability to perform is one of the strongest predictors of eventual success. ... (full story)