I need to be in multiple markets to have a feel for market action.
Wrong. I know quite a few traders that only trade one or two markets, and they have pulled millions out of the market over the years
I have to trade big - to win big.
Wrong. You can have a steady approach to your trading without putting yourself at high risk for a huge hit - and pull out whatever you desire from the markets
You can always increase your size after you have achieved the appropriate thought processes
but you cannot increase your size if you blow up your account
Trading psychology is not necessary, only analysis is.
If you believe that, then you will be researching and doing analysis the rest of your trading years, without ever having succeeded at reaching your trading goals
having the proper mindset is an absolute to sustaining a rising equity curve
RSI is better than Candlesticks; Candlesticks is better than P&L; P&L is better than Support & Resistance; and so forth.
Wrong. Whatever methodology you choose to use, will be right for you. All methodologies have good points
so pick one, and learn it well
I need at least three or four monitors to be able to watch market action.
Wrong. If you "have" to have a certain number of monitors (at least initially) to view the markets, I would suggest that you are in information overload
you do not need more than two monitors to trade with
I need to risk more than 10% on each and every trade, to make the trade worthwhile.
Wrong. Your risk ratio should be between 3-5%
What I was taught about money and success has no bearing on how I approach my trading.
Wrong. Every thing you were taught about money and success - by others - has an effect on your trading
this is normal; every thing you were taught about money and success got you to where are you today...but if you want more money and more success, then you need to instill the appropriate skills and expand your mindset to achieve those goals
I am a success right now as a doctor, engineer, lawyer, manager, etc. - and that success will automatically transfer over into my new career as a trader.
This couldn't be further from the truth. Your success at any other career does not guarantee you success in the markets
you need specific skills and a unique mindset to navigate the markets and create sustainable profits