What is more important? Strategy, Discipline or Psychology?

Hi All,

Today I was asked a question by one of my Mentor that continues to baffle alot of people.... Which is more important? The Strategy, Discipline or Psychology?

If I haven't started trading, I don't think I would have chosen the right answer. :) Yes, the answer is Psychology. I was discussing with Roy Phay about trading system and both of us agree that there is no perfect trading system and probably most system made money. BUT the key question is how many of us will have the mindset to continue using the system when we are not making money like now? :)

Max

P.S.: My Mentor answer is 1% Strategy, 19% Discipline and 80% Pschology :)