What separates amateur traders from the professional trader
How can a professional take the same trade as an amateur yet end the
trade at a profit or be in a better position psychologically after
taking a loss? Its similar to a professional sportsman who might lose a
match but end up winners in subsequent matches. Every trader experiences losing trades.
Professionals and amateurs may have similar outlooks on a market, but
oftentimes they end up with different results.So lets discuss the main
difference between a professional and amateur’s perspective.
Focus on your system’s effectiveness and not individual trade outcomes. Trading is a WAR, Losing 1-2 battles does not make you to lose a WAR. This is the mantra of Professional Traders.
If you plan to become a successful trader, you will need more than one trade to make a career. Lessen the impact that each individual trade has. That way, you can accept losing trades without losing sleep.
Do not be afraid to exit when you notice the market moving against your
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Focus on your system’s effectiveness and not individual trade outcomes. Trading is a WAR, Losing 1-2 battles does not make you to lose a WAR. This is the mantra of Professional Traders.
If you plan to become a successful trader, you will need more than one trade to make a career. Lessen the impact that each individual trade has. That way, you can accept losing trades without losing sleep.
Do not be afraid to exit when you notice the market moving against your
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