Reacting versus Predicting in Trading
Most of the best traders I have read about and know of personally do not predict what will happen they trade what is happening.
A new trader believes that ‘conviction’ about a trade is important, holding through an adverse move is usually a bad idea, especially if a key level is reached that is showing the trader that they are wrong.
A rich trader is
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Most rich traders are rich because they are flexible, they have no strong opinions and are just looking at possibilities and ready to take a set up, buy a break out or short a break down.New traders always want to predict, they want to argue about their beliefs and why something must happen or will happen.
A new trader believes that ‘conviction’ about a trade is important, holding through an adverse move is usually a bad idea, especially if a key level is reached that is showing the trader that they are wrong.
A rich trader is
posted by Bramesh at
3:57 PM
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