Fear taking a loss
not mathematically breaking down your win loss ratio in pip terms to best know your egy
Fear taking a loss
not mathematically breaking down your win loss ratio in pip terms to best know your egy
This sport does not reward hard work. .
It rewards sagacious laziness, so grab a beer or a mattress or both and watch television or bullshit for the upcoming few years.
The way to make money here is by having an investor kind personality. Idle as hell and exhausted of shooting at yourself, to the degree.
The one takeaway I got from market wizards is the majority of the traders reduce their trade size when losing and increase it when they are back in the zone. If trading is plogical afterward operation is dependant on the people mind set at any time. This technique of lowering the transaction size whenever you aren't doing well when you are does and raising it clarifies long term profitability in what's a zero sum game. That was the common thread among techniques and markets
IMHO that the vast majority of traders are betting, if they realise not that, sure some of those guys get blessed.
However, the overwhelming majority haven't identified a trading edge, they frankly may also be playing roulette.
I do not agree with that. Investors may afford to be idle because they're based on someone else having done the work. Developing your personal requires imagination and hard work.
The most important factor is finding a egy that really has an advantage and then implementing that with sound money management, if discipline is your problem code your rules into an EA and let the computer handle the field