Amateur retail traders tend to think that the professional trader or Institutional investor have
some sort of secret knowledge/system that enables them to make huge
profit in trading. However, the difference between a retail traders
trying to make consistent profit and a professional traders zeros down
to the trading mindset and trading psychology.The difference between
success and failure for a trader is wafer thin, Lets elaborate with an
example
Let us give you an example of what we mean. A relatively new retail trader is given a profitable trading system having a trading strategy with proper stop loss and target and the trading system delivers an average success rate of 60%. The retail trader is exited that he has finally found something that will ensure his success. Over the course of 10 potential trades using the trading system
Continue ReadingLet us give you an example of what we mean. A relatively new retail trader is given a profitable trading system having a trading strategy with proper stop loss and target and the trading system delivers an average success rate of 60%. The retail trader is exited that he has finally found something that will ensure his success. Over the course of 10 potential trades using the trading system
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