Fear of losing is the #1 reason why traders lose money.
How to trade fearless:
1) Know your system
- 1 setup
- Win rate
- Risk reward ratio
- Risk per trade
Study. Learn. Know your system better than anyone else
2) Master your system
- Know win % before entering a trade
- Know reward per trade before entering a trade
- Know signals to exit a trade
Plan everything.
3) Reduce your risk
- More money on the table, more emotions involved
- More emotions, more % to make mistakes
- You can increase risk later
Stop focusing on money. Start focusing on risk.
Once you become fearless, your trading potential will be limitless.
