It's not that we don't know what to do, it's that we can't do what we know. I'd wager that most traders at this point have read/heard about the 10 commandments of trading - they're mostly the same no? Cut your losses, let your profits run, etc....what's changed in 2,000 yrs? After the first 10 years of my trading, I realized that the solution is to actually incorporate them in into your trading. Too many traders look for rules when they already know them. IMHO, one should be practicing how to actually follow the rules they know...rather than seeking the new holy grail of trading rules. Trading rules haven't changed, not since humans roamed the earth.
There are 3 cardinal rules of trading: 1. DO NOT LOSE MONEY 2. DO NOT LOSE MONEY 3. DO NOT LOSE MONEY
Sorry, but that's big BS. You have to lose money in order to win money. You have to lose some battles in order to win the war.
An important rule and truth about market is that initially everyone loses before he she breaks even and then the third stage comes when he makes profit. In the first two stages, 90% people quit.
The voice of painful yet profitable experience. I can tell you've earned your stripes and Mr. Market is less of a mystery. You've sharpened your tools and honed your craft. Enjoy the fruits of dedication and discipline.