Trading Comparison: Amateur Traders Vs Professional Traders

“A trader is the weakest link of any trading system" (Alexander Elder)
After 4 years of winning and losing hundreds of trades and blowing out several accounts both demo and live, trying different systems, experimenting with many strategies, I am still unable to achieve my trading goals and become a consistent profitable trader. I wonder why I am taking two-step forward one step backward and one step forward two-step backward and pretty much in league of majority of traders who are struggling to make consistent profit day in day out.
I decided to dig deep to find out reasons for my failure, as such I started reading several books and interviews of successful professional traders, soon I realized that my failure lies in my trading approach. I am still thinking & reacting on emotion, fear & greed like majority of amateur traders and that I need to change the way I think and get rid of this herd mentality, otherwise I won’t be able to become profitable trader, no matter how hard I try.
"If you want to have a better performance than the crowd, you must do things differently from the crowd" (Sir John Templeton)
Professional traders think different from rest of the crowd majority of the time and that is why they are consistently profitable over longer period. Lot of
these traders have started with small capital and made big fortunes by trading consistently year after year. Although their trading style and system is different from each other, some are technical traders, some are fundamental traders and some mixture of both.

Patience & Discipline

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