Taken out @ +2
Ratios & Harmonics: a Different Way to Trade
- #40,185
- May 7, 2018 12:58pm May 7, 2018 12:58pm
{quote} And let me tell you one more thing, that can be of help to the others : Unlike you i am not a successful trader with a win rate exceeding 70% ,and do you want to know why..? ,a psychological problem , that i am aware of, i am a very bad loser, i can not easily accept that i was wrong and get out of a losing trade on time, and by the way as i know this is the most common problem among all traders. So you may imagine that one loss or two , is enough for giving away what i earned with all those wins.
My biggest mistake was seeing 'trading' is equal to money, but it really isn't. What helped me was, see it like this. When a soccer player ( I don't know if you are a big soccer fan ) scores a goal, he doesn't do it for the sole purpose of making money, he does it because a striker HAS TO ( your trading plan ) and after your perform lets say 1 season the way you should, you get paid. So the end story is, TAKING A TRADE doesn't equal money, following your tradeplan in the long term equals money, money is the outcome (step 10) of all the steps that trading requires ( step 1-9) and money is the outcome of doing all the steps (1-9) the right way. Hope this helps some of the newer traders here.
"Luck is when opportunity meets preparation"
