Su deber como comerciante es ser paciente y seguir sus regla | boyLoyTRADER en Binance Square

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Su deber como comerciante es ser paciente y seguir sus reglas y nada menos que eso.

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OTHER RED DAY CAME...!

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To use profitably one trading system, does not mean that there are no other trading systems that make money for their users. Indicators are lagging. Moving averages don’t work. Fibonacci levels are for amateurs. Elliott waves do not make any sense. I have heard traders saying these things so many times. I have probably used similar words in the past myself. Being a price action trader myself and not using indicators or having failed in using indicators does not give me the right to say that indicators can’t form a profitable trading strategy. Not understanding how a certain tool works does not give you the right to dismiss its value. Traders commonly make the mistake of taking something for granted when they shouldn’t and this act forms an unprofitable trading bias, which is very hard to eliminate. No matter how much evidence you have for or against something, never underestimate the possibility of being wrong. There is always a chance to experience a black swan moment (low probability event) at some point in your life. And if you have never believed that black swans exist, then you will probably wake up surprised one morning. Everything can work some of the time, but nothing works all of the time.

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Traders tend to get an ego boost after every profitable streak. Learn how to eliminate emotional swings and you will become a master trader. Do not look for strengths outside of you but look deeper into your trading psyche and search for moderation. Do as Seneca has said, “What a wonderful privilege, to have the weaknesses of a man and the serenity of a god!”1 Be humble and the results will follow.

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If your trading strategy works only 75% of the time, stop complaining and start embracing it. Your thinking should not be, “If only my strategy worked 100% of the time.” Instead, you should be thinking of how to make your strategy make money even if it was working only 50% of the time. Your risk/reward ratio is what you should focus on. The job of the trader is not whining but winning!

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Trading experience peaks motivation when something is not too hard or too easy, but just about the right level of difficulty. Therefore, make sure that you are motivated just the right amount about trading if you want to last in this field.

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