Conclusion Make no mistake; Trading is not the easiest way t | Pompey Fintech Academy a Binance Square-en

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Conclusion
Make no mistake;
Trading is not the easiest way to make money for most people.
But if your primary goal is not to make money and that you want to learn from the process and develop yourself.
Then plan to use the info from these 7 counterintuitive tips, as it will prepare you for the challenge of trading while controlling your emotional.
If you succeed, beyond the financial rewards, you will learn valuable life lessons.
However, because these ideas and advice are not intuitive, it’s almost impossible to heed them effectively right from the start. It takes trading experience, consisting of disappointment and regret, to internalize them fully.
Nonetheless, by reviewing and reflecting on them, you can shorten our journey toward becoming mature and being a consistent trader.
Many successful professionals from other fields struggle when they try to trade for a living.
One big reason is that trading has several crucial aspects that run against our intuition.
These seven trading tips that explain these aspects and help to improve our odds in this worthy challenge.
If you pay attention to what these top traders say, you will find common themes like the importance of risk management, trading psychology, and emotional resilience. These are general topics that are relevant for all traders.
Feel free to read about the 7 counterintuitive tips to A-game your trading

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Tip #3: The focus is not on winning. It’s on not losing.
Making money is the goal of trading, so it makes sense for new traders to focus on making money from the markets.

They ask questions like these:
👉How can I make the most money?
👉Which strategy is the most profitable?
👉What leverage can I take on to maximize my earnings?
But these are the wrong questions to focus on. With luck, anyone can make money. But it takes more than a chance to make money without running the risk of ruin.
Take note of the next line:
"The risk of ruin is the probability of ruining your trading capital to the extent that you can no longer execute your trading plan. The key is to stay in the game long enough so that you can profit."
Emphasis should be placed on the need to preserve your trading capital.
"I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have"- Paul Tudor Jones
An obsession with risk and how much you can lose is the hallmark of professional traders and investors.
Joel Greenblatt applied a risk-based mindset to his position-sizing decisions which enabled him to set stop-losses logically
"My largest positions aren’t the ones I think I’m going to make the most money from. My largest positions are the ones where I don’t think I’m going to lose money"- Joel Greenblatt
An intuitive focus on profits creates a tendency to trade positions that are too large and risky, no wonder, A top Trader suggested cutting your positions by half. This advice might sound simplistic, but it highlights a real and common problem of overtrading. His exact words were;
'Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you think your position ought to be, cut it at least in half'.- Bruce Kovner
What are your thoughts on counterintuitive tips 1-3 shared from the financial markets global Top Traders?
Feel free to respond in the comment Section.
If you missed tip 1& 2, click the tagged post below to go read

Felelősségkorlátozó nyilatkozat: Harmadik felek véleményét tartalmazza. Nem minősül pénzügyi tanácsnak. Szponzorált elemet tartalmazhat. Lásd a Feltételeket.

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