I have come to realize that one must learn to embrace losses.. In fact you will lose more than you win trades.. having that in mind the question is "How do you win in a long run" ? This is simple, You must have a good trade management and a system that can beat the current market Algorithm which can be reflected on the risk to reward ratio... Don't just go in and out of trade like a Gambler that's what the market requires from the 95% losers out there.. Dare to join the 5% winners who will focus on their trade plan and System..
Attributes of a good Trader
A good trader should have a trade plan and a system that He or She has been building over the years
A good trader must master a good risk to reward ratio of at least 1:7 that can work at least 90% of the time. I mean, Why should we invest if we don't get good reward for our risk ?
A good trader should be humble, must be a good listener and someone who loves to study..
This is very hard to achieve that's why most trader concentrate on getting in and out of trades with no plan and direction and after 10 years they will realize they haven't learned anything...
Good Luck,
@BigNumbers
Attributes of a good Trader
A good trader should have a trade plan and a system that He or She has been building over the years
A good trader must master a good risk to reward ratio of at least 1:7 that can work at least 90% of the time. I mean, Why should we invest if we don't get good reward for our risk ?
A good trader should be humble, must be a good listener and someone who loves to study..
This is very hard to achieve that's why most trader concentrate on getting in and out of trades with no plan and direction and after 10 years they will realize they haven't learned anything...
Good Luck,
@BigNumbers
Figures only
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