[Dan Mezick]

[ QUOTE ]
Also think about a style that fits your personality. This is crucial.

[/ QUOTE ]

This reply has little to do with Fundamental vs. technical approaches. Even so: IMO this psychological piece of the trading puzzle, your own personality, does not get nearly enough coverage.

By definition you must study, understand and develop YOUR individual psychology, personality and temperament (to get this crucial aspect of style selection right.)

Which traders actually take the time to do this important work, before trading with real money?

Generally, it's the long-term winners, or traders who had an experience of "forced awareness". These are often the exact same people.

This quote is from the book description for "The Disciplined Trader" by Mark Douglas:

[ QUOTE ]
Successful trading is 80% psychological and 20% methodological. Emotion is the enemy of successful trades. That's why, even with a modest knowledge of fundamental and technical information, the trader who is in psychological control will be the winner in the trading environement. The Disciplined Trader helps traders learn the critical behaviors necessary in responding to market conditions and opportunities. Experienced commodities trader and teacher of trading dynamics, Mark Douglas, thorugh his own early misfortunes in the market, has considered and confronted the problems experienced in trading (what he calls "forced awareness"). Douglas examines and discusses how he found the market to be an environment where the individual trader "has the freedom to create his own results," unimpeded by many of the constraints existing in modern social life.

[/ QUOTE ]

I know 30% a year is achievable in trading with low risk, relative to reward.

Wildwood is clearly very experienced, and I hope he shares more of what he knows.