Most new traders like long order pages like green and red slips of profit and loss orders. That is understandable for new traders. The longer they stay in the market, the more the order list shrinks, quality over quantity. Sometimes just entering 1 order but at the right entry point and holding it long enough is enough to have a good profitable transaction. Long green and red order strips gradually create a nightmare. The similarities in trading are few but the quality and efficiency are very similar to the snipers in the section below described by a very experienced trader who contemplates and shares his experience. Invite you to read.

UNDERSTAND AND ACCEPT: “LESS IS BETTER” IN TRADING

One of the things we learn from this soldier is to choose the important target carefully, less – more selective is better. The same goes for the trading market. However, the common psychology of newbies and inexperienced people in the market is that more is better. They feel more secure when they have more technical indicators (even though they don’t really understand them), the more orders the greater the possibility of making money quickly and a lot, more robots are better, etc.

What is the result, or consequence, of such thinking? They fall into a state of over-trading, much like a machine gunner who shoots bullets at every possible target; he throws bullets (money) at every possible target at any time and quickly runs out of bullets (money).

So the first thing you need to do if you want to learn from a sniper and be more successful with trading is to always have in mind: less is more. Think of the image of a sniper in camouflage, lying in wait for hours or even days waiting for his target to appear or to enter a profitable position, you also need to be patient and do the same for each of your trading decisions. Daily candlesticks will be your best battlefield, follow it.

CHOOSE A LARGER TIME FRAME

As I mentioned in the above line, daily candlesticks are the best place for you to “lay in wait”. Because daily candlestick charts show you the highest value and best targets (opportunities) when compared to any other time frame. Weekly candlestick charts are also very good and highly reliable, however, they give us too few opportunities and choices when there are only 4 weeks in a month.

The higher the time frame, the more likely it is that something will happen. The higher the time frame you trade, the higher your chances of success with the market. A sniper can change the course of a battle with a well-placed shot that takes out a key enemy player, a well-chosen and waited-for trade and the discipline to hit your profit target can significantly increase your account, giving you the money to do what you love.

Trading like a submachine gun will make you run out of ammo (money) much faster than you think. In my opinion, timeframes lower than 1H are mostly meaningless, stay away from them, stick to the higher timeframes. The best are daily candles, H4 candles and W1 weekly candles, and finally H1 candles.

PATIENCE, PATIENCE AND PATIENCE

What every sniper has for sure is patience. You can’t be a soldier without “extreme” patience, and you can’t be a successful long-term trader without it. Newcomers to the market have little or no patience, and that’s why most of them lose money.

Impatience in trading is something that is like human nature, which also brings us to one of the things that can burn your account the fastest, which is greed. Impatience, greed, means that you cannot control your mind and body. Your head is thinking about money-money-money, but your hands are just waiting to click the order button, ... If you let this situation happen, you cannot be a sniper, nor a successful trader.

Practice patience, live simply to reduce greed. Running is one of the best ways to strengthen patience. At a more difficult level of patience training, meditation is such a tool.

MASTER METHODS/TACTICS

It takes years for a sniper to master the gun, calculate the wind – humidity – distance – … to make a perfect shot, and not hesitate for a second when all the necessary factors have converged. Similarly, as a trader, you need to have a good strategy/method, understand it, master it, know exactly what you are looking for on the chart.

Mastering a method starts with learning, studying, educating, and continually improving. You have to invest time, money, focus, etc. to learn it. No one else can learn it for you.

Let's be realistic: it will take time, for sure. Becoming a master at anything takes (a lot of) time, even for a casual soccer player like me it took 20 years of practice.

DEVELOP A SNIPER'S TRADING MINDSET

Sniper trading builds confidence and discipline. The more you try to trade like a sniper and less like a machine gunner, the more your confidence and discipline in trading will improve. This is because you will be rewarded for your patience, and when you start to see your patience pay off over time, you will want to keep at it.

The initial stages of developing a sniper trading mindset is where most traders fail, usually because they don’t understand the power of patience and discipline. Trading like a machine gunner can make you feel powerful and “in control”. The problem with this mindset is that you can never control the market, in fact, the more you try to control the market, the more the market will control you. The only thing you CAN control is yourself by learning to trade like a sniper, and if you do this, you will dramatically increase your chances of success as a trader.

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