Profitable Traders, how well are you doing?

Never mind that. The question is: do you share your coffee (and what sort of blend is it)?

I think this is something many traders learn too late.

People focus on maximizing profits, but the traders who survive long-term seem obsessed with limiting downside risk.

The hardest part isn't knowing where to put a stop loss—it's preventing yourself from moving it, increasing size, or taking revenge trades after a loss.

Did your confidence come mainly from having a strict risk plan, or from seeing the results compound over time?
I struggle alot with my emotions and my risk management.

For a fellow trekkie? Most definitely...

Might I suggest this one as an introduction into the wonderful world of coffee? (Medium roast blend of beans from Brazil, Guatemala and India---exceptionally smooth with lovely intense notes of dark chocolate and vanilla)


Or if you're already initiated into specialty coffee, I'd breakout the Nespresso machine for this Ethiopian variety (clear distinct fruity and floral notes) from the same Italian brand:



Or if you're feeling particularly frisky, I'd breakout the Turkish coffee machine, with or without cardamom?

Hey traderrsingh, I can empathize with your situation.

Neither, my confidence comes from my ability to read the market = understanding what the market is telling me. IMO, the market will tell a trader everything they need to know, including when to enter / exit, if the trader takes the time to learn how to read it.

One of the my biggest breakthroughs was the understanding that strategies are NOT substitutes for analytical and trading skills.

IME, the retail trading community is full of dangerous half-truths and over simplified explanations provided by people who can't and/or don't trade for a living.

My personal struggle with emotional trading came from obsessing over open P&L instead of focusing on what the market was trying to tell me. Here's a thread where I talked about it:

https://www.forexfactory.com/thread/...3#post15617153

https://www.forexfactory.com/thread/...1#post15619421

https://www.forexfactory.com/thread/...8#post15622278

https://www.forexfactory.com/thread/...1#post15622871

https://www.forexfactory.com/thread/...3#post15646683

Some additional posts that could be helpful:

https://www.forexfactory.com/thread/...6#post15761276

https://www.forexfactory.com/thread/...4#post15656704

https://www.forexfactory.com/thread/...0#post15657370

https://www.forexfactory.com/thread/...8#post15644548

https://www.forexfactory.com/thread/...5#post15643515