Over many years of trading, I've found certain principles to be true. Whenever I find myself under stress, when market whipsaw me, I pull out these basic trading principles and review them.
Don't Try to Predict the Future
When
I started trading I used to think that there were experts and geniuses
out there who knew what was going to happen in the markets. I thought
that these traders and market gurus were successful because they had
figured out how to predict the markets. The hard truth about trading is Predict and Perish. As a trader I will make money when I take trade as per my trading system not
when I predict what is going to happen in future. It might happen, It
might not happen, but if you get in vicious circle of prediction and
trading you will be never able to succeed in long term. Its your
discipline and risk management which will decide your fate as trader.
No one knows where the market is going
Continue Reading
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.