Once, i admitted to myself that trading isn't about finding a magic system that will make $$ on every trade: When you trade you will have winners and you have losers. It's a NOT a judgement of your intelligence or talent as a trader. it's part of the business of trading. trading is about finding WHAT kind of trader you are(your comfort zone) and realizing that the mrkt is always changing and you need to adapt your trading quickly and if you are not sure what to do, then DO NOTHING. There's a time to trade bullish, a time to trade bearish, a time to trade bullish with big/small size, a time to trade bearish with big/small size and of course and most importantly i believe is the time to JUST SIT and DO Nothing. Traders always need to trade, not true, the best traders just sit and wait most of the time and when the opportunity comes knocking they take it without hesitation and if they are wrong, then NO big deal, just wait till the next one arrives. Trading is about separating the EGO/'need to be right' attitude from the pure neutral observer who places confident/strategic trades at the right time as the market ebbs and flows. The market will ALWAYS give opportunity, you just need to be ready when it comes and waiting patiently. The BEST traders will go from bullish to bearish in a blink of an eye, it's pretty strange but sometimes the mrkt will look bullish and then turn bearish and you need to be ready to react whether that means you making money, making less money, breaking even, losing money or losing a lot of money, you need to react in a neutral objective way. I am NOT a perma bull or a perma bear, i am trader and i want to make money without bias.
T achieve the higher stages in trading i am a big believer in trading without emotion and the best way i can think of is to trade with small size most of the time. this will allow you to separate potential $$$ gained/lost from pure objective trading. trsut me, if you are trading well, $$$$ will be made and it add up quick. The key is not put yourself in a situation where you stand to lose a lot of money.
I can go on forever but hope this helps or at least makes sense. you will get there. Strive to keep understanding the ebb and flow of the market and how your trading style fits. Best of luck.
No comments:
Post a Comment