So this is the most interesting question. Aa far as i know there is nothing more interesting than this.
But when it comes to self analysis it becames the very hard issue for every small things.
As we cannot understand our own self. Because we cannot see the complete picture of ourself in the market. See even if we want we tend to naturally try to avoid the things that prove us wrong poor and nonsense.
It is not good to hear this but this is truth at some level. So we accept our some failures but 80 percent we blame to the environment or external circumstances.
First why we take trades?
Most of us has a strong eager to break our own class of life, so we get over excited and takes trades in a bit of hurry so as to feel those feeling of getting easily rich and also sometimes to prove our worth. Or sometimes we are not mentally fit for this type of financial market or there is no our financial strength develop yet.
So the basic question is how should i take trade?
So it depends on your trading style, attitude, risk taking abilities or capacity and the main thing is the strategy you build.
Most of the strategies dont work 60 percent of the time, only 40 percent works then problem arises as small profits and large lossess.
Market itself is a jungle of theta, delta and fucking other shit.
To make money from the market one need two things,
- Very strong strategy
- Very good execution
- Risk management as one loss or two losses but should be recover from the market
- One loss only when one of above three things are missing in the market
Very good strategy
It is a simple setup that gives you money very easily. Or simply a setup that you trust and moves the same way you expected in some form for the 80 to 90 percent.
This naturally does not occur.
What one trader does trying out the strategy at every candle. How can strategy will be 100 percent accurate.
You have to find that edge. We have to think about the profit then only we can earn some money from it.
It simply means by focusing on strategy but we have to focus on the profitable side setup.
Execution is about good broker and easy interface to trade. Properly.
Risk management is simple loss recovering strategy.
If your losses exceeding your profits then you won’t be able to make money from the market. Frankly to speak.
But to reduce losses and increasing profit we need to practice and learn trading more and more untill one gets understand it.
So if you have this things with you then to get you out from the trading is nearly a difficult task. Right 👍👍👍
But what you feel think and behave while taking s trade is truly depend on above 3 factors strategy, execution and risk management.
So focus on improving this and you will be soon a better trader….
I hope you get some knowledge and idea for your trading journey and don’t forget to share it with one who needs this most….