What should be goal of trader

By | October 10, 2014 3:39 pm

Drive Wealth

The goal of a successful trader is to make the best trades. Money is secondary.”

==== Money is secondary? What the hell? Is Alexander joking?

Well, if we take some time and analyse this quote, Mr Elder has a very important point to make. How can good trades be better than money ? Why are we indoctrinated to think that money is the primary goal?

Don’t worry I was subject to this way of thinking for a long time but realized it has huge fundamental  issues. The problem is that anyone can have a great trade, a lucky trade, a momentum trade, but the question is, can you replicate this performance in the future in the long term?

I repeat, can you replicate this trade in 10 years time?

Lets think soccer, is it more important to score a goal every match or to have a system of playing the game to have high probability of scoring opportunities?

Do you prefer to have one perfect trade or many high probability trades?

If you are in this for the long term, focusing on making the highest probability trades possible is a more sustainable way for a future success. If you spend time in analyzing your entries, exits, risk management on a consistent level, you have a higher probability of achieving your goal.

Category: Trading Psychology

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

5 thoughts on “What should be goal of trader

  1. Rajiv Jamwal

    This necessitates further the concept of Systematic trading instead of being just a discretionary trader.For example, why people loose their fortunes in lottery especially single digit one is because they punt their money on some single digit. So the player wont understand why did he loose or why did he win.Such an attitude is a sure shop recipe for financial disaster.Same here in Stock market, If we simply bet our money on some trade, final PL account would sure be in a negative .Dn`t overtrade . And donot expect to make money daily. Wait for your setups to arrive,We need Tiger`s patience for such an attitude and game plan. But this is how it works. Thats why only 4% traders actually laugh all the way to the bank and remaining either throw in the towel or simply break even.

  2. Haresh

    Dear Bramesh Sir
    Thank you very much for your all very good eye opener article for better understanding of market please keep it up all your very good work for trader/investor fraternity

    Thank you very much
    God bless you with lots of health and happiness in life

    Haresh Baraiya


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