This is
because trading edges are fleeting, and hard to confirm.
This is
because your trading edge depends on your trading method.
Not exact matches
When you begin to view each
trade setup as just another execution of your
trading edge and effectively implement position sizing and risk to reward scenarios, you will also be managing your emotions
because you know your possible risk and possible reward BEFORE you enter the
trade, you then set and forget the
trade and therefore there is nothing to become emotional about.
Warrior
Trading received this honor
because they are on the cutting
edge of equipping their users to develop into profitable traders while still maintaining a lifestyle defined by freedom and independence.
Because if everyone was using these bots, the
trading edge they bestow would be eliminated due to arbing and other opportunities being eliminated.
They have not and will not,
because almost all the leverage in the negotiations is theirs, and if we don't like what they offer, we face an immediate future over the cliff -
edge without EU aviation, free
trade or nuclear material.
This is
because the trailing
edge of the dorsal fin provides a unique
trade, analogous to a human fingerprint.
You can do this by employing the disciplined to ONLY
trade when your
edge is present... in other words, stop
trading just
because you «want» to!
When you place your stop too close
because you want to
trade a bigger position size, you are basically nullifying your
trading edge,
because you need to place your stop loss based on your
trading signal and the surrounding market conditions, not on how much money you want to make.
Because i work as a teacher i just place my
trade and go to work, that is set and forget after identify
trading edge.
Because you think you have a
trading edge, you believe that you should not lose money.
Don't
trade just
because you feel like you have to or you want to... make sure there's a real reason to do so and never
trade when your pre-defined
trading edge is not present.
When you begin to view each
trade setup as just another execution of your
trading edge and effectively implement position sizing and risk to reward scenarios, you will also be managing your emotions
because you know your possible risk and possible reward BEFORE you enter the
trade, you then set and forget the
trade and therefore there is nothing to become emotional about.
This is critical
because in order to realize the full power of your
trading strategy, you need to take every occurrence of your
trading edge (setup) that you see,
because it needs to play out over a series of
trades to be realized.
By taking a profit of less than 2 times risk, you are basically PURPOSESLY putting the odds against you,
because you then will have to win over 50 % of your
trades to make money, and most
trading strategies do not give you an
edge that will allow you to consistently win over 50 % of your
trades.
The reason a professional trader thinks and
trades like this is
because they don't get attached to any one
trade; they know that each
trade is just one out of a series of many that they must take in order to see their
edge play out.
As long as a
trade adhered to a process with a positive
edge, it is a good
trade, regardless of whether it wins or loses
because if similar
trades are repeated multiple times, they will come out ahead.
Traders who don't have a definable and «mastered»
trading method are hurting themselves
because they essentially have no
trading edge and are just shooting in the dark, so to speak.
Because we provide an aggregate overview of current buy and sell orders placed by OANDA traders on your MT4 charts, support and resistance levels are clearly visible, creating transparency over the markets and helping you gain a competitive
edge in your
trading strategy.
The reason why it's not good is
because it simply doesn't matter if you win on the next
trade, what matters is if you are being disciplined and only
trading when your
edge is present and always controlling your risk.
Having patience to let your
trades play out in order to see the true probability of your
trading edge is something most traders don't do
because they voluntarily lower the probability of their
trading edge by meddling with their
trades too much.
Traders know they don't need to rely on luck,
because they trust in their
edge and they understand they need to be consistent and disciplined and let their
trading edge play out over a series of
trades.
I'm okay with that
because I only want to take high quality
trades that provide a real
edge in the market (quality over quantity).
You can't let them rattle your confidence or your belief in yourself,
because if you do you will start second - guessing valid instances of your
trading edge, and once you start doing this it can start a snow - ball effect of being afraid to pull the trigger.
That might seem a bit strange, but the fact of the matter is that once you know exactly what you are looking for in the markets
because you have truly mastered your
trading edge, there is simply no value in spending vast amounts of time analyzing your charts.
Knowing the expectancy of a
trading system is crucial
because it builds confidence and a trader can act from a more calm and relaxed state by knowing that over the long - term, his
edge will most likely provide a positive outcome if he sticks to the plan.
KCG is interesting
because, even though they seem to have lost their
edge in High frequency
trading (still better than Timber Hill), they have in addition to this activity their shares in BATS (which you can get this way with a slight discount).
You risk an amount you're OK with losing and you let the market do «its thing»,
because you're just letting your
edge play out over a series of
trades.
Do not enter the market just
because I «feel» like I'm on a winning streak, my
trading edge has a random distribution of winners and losers so there's absolutely no reason to be influenced by the outcome of my previous
trade.»