Here are paradoxes that I have learned on my own path to consistent profitable trading.
- The less I trade the more money I make.
- My number one job as a trader is to manage risks not make money.
- The best traders in history were the best risk managers not the best at entries and exits.
- The ability to admit you are wrong about a trade and get out is more important than being confident in a wining trade and staying in no matter what.
- Winning traders think like a casino losing traders think like gamblers.
- Opinions, projections, and predictions are worthless, trade the price action.
- At times fundamentals are good helpers to a trader but they are always terrible masters.
- Only date trading vehicles but marry your risk management and positive mind set.
- The smaller and more focused my watch list the better I trade what is on my watch list.
- You can go broke taking profits if your profits are small and your losses are big.
- Be very cautious of a small loss becoming a big loss but be open-minded to a nice profit becoming a huge profit.
- Being flexible about your market outlook is more important to profitability than committed to your directional view.
- I made my trading profits by reacting to price action and following along with the trend not predicting price action and wanting to prove I was right.
- Your risk management and mindset will determine your trading success more than your entries and exits will.
Very nice article. Very helpful for the traders to maintain their profits.
Only date trading vehicles but marry your risk management and positive mind set.
cAN U PLS EXPLAIN THIS POINT , i DON’T UNDERSTAND THIS CLEARLY
No FII FNO analysis report for 24-dec?