You are not putting the probabilities
of trading success in your favor by starting to trade live before you are truly ready.
You only have control over yourself as you trade, and the best way you can help your
chances of trading success is by removing yourself from your trading platform most of the time.
The first two items above are pretty self - explanatory, but one
element of trading success we don't talk about enough is the importance of having a consistently winning market timing system.
It combines its complicated but successful algorithm's with the information the investor programs into it, to provide the user with a high
rate of trading success.
A professional trader is the guy who has a tangible track
record of his trading success because he has been updating his trading journal after every trade for years.
If you feel that you are getting defeated by the market, it very well could be because you haven't tried hard enough to tilt the
scales of trading success in your favor.
eToro helps traders improve the odds
of their trading success by providing a platform where you can automatically copy the trades of other successful and experienced traders.
That may be, but a study published in Proceedings of the National Academy of Sciences USA suggests there is market predictability in
terms of trading success and hormones.
However, I am challenging you to change your
conception of trading success, which will help you change how you think about the market and as a result, will change your trading approach to a more sustainable and successful one.
Price action trading success and really any
form of trading success, comes from the proper trading mindset and maintaining that mindset over a long enough period of time for it to bring you increasing amounts of money.
Many traders get so caught up in fine tuning their method or in finding the «holy grail» that they end up forgetting the real
meat of trading success is right between their ears.
By looking for price action entry opportunities that have the confluence of the trend and the «value area» behind them, we can significantly improve our
chances of trading success.
helps traders improve the odds
of their trading success by providing a platform where you can automatically copy the trades of other successful and experienced traders.
If you're not consciously making an effort to do everything within your power to put the
probabilities of trading success in your favor, it will be very difficult for you to make money trading.
80 %
of trading success is caused by 20 % of your actions.
Many traders continuously make stupid trades simply because they have yet to understand or accept that controlling themselves, not the market, is the only thing they can truly do to increase their chances
of trading success.