UN AUTRE JOUR ROUGE EST ARRIVÉ... ! | boyLoyTRADER sur Binance Square

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UN AUTRE JOUR ROUGE EST ARRIVÉ... !

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$BTC Update..! I hit my profit this morning with 500% with my set-up R/R: 1:4. Now BTC hit demand zone, 59, 079 and rejected as I predicted. This time I need to wait again to see #bitcoin reaction. have a good trader, everyone. thanks,

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Your duty as a trader is to be patient and follow your rules and nothing less than that.

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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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