Metaphor crossing a congested street look at the corners.
Charline Divine qFUF
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What is the key to being profitable in trading?
Many people think that the key to being profitable is in the Strategy or in having privileged information. However, they overlook the most important thing, which is emotional control. When opening a futures position we have a 50% chance that it will move in our favor, but what happens if it moves against us? Many times we despair and fall into a small anguish that does not allow us to think well.
And there lies the problem of the lack of profitability, which is not being able to control the emotions of fear or greed, which make us make clumsy decisions.
The key is always when we open a futures position, to place a stop loss of maximum 2% of our net capital, if the operation moves in our favor, move the stop loss above and let it run, generally it is good to close 30% to ensure profits.
And it moves against us? Be patient and wait, do not move the stop loss, or exit early, sometimes there is a rebound effect and other times the trend is simply contrary.
Once we close a trade, whether it is a winner or a loser, we must wait and give ourselves time to think with a cool head before making the next investment. $XRP
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