Realize That Market Experts Are Not Magicians
They put in the work and simply try to predict things for you(r) money. Often they don’t even bank on their own predictions (like they claim you can) because they are likely only that- guesses. When the market shifts they dynamically try something else but because they sold you a bill of goods you are paying for their predictions, so either way they don’t lose!
Sound Strategy Trading Is The Most Important Tool
In the end it’s using sound trading practices that makes you successful. Prediction is but a cog in the machine of trading practices. It’s akin to the research you do before writing an article. The research is not the article, nor does it necessarily become a major cog in the end result. It’s but a tool you use to gather data, analyze it, and use it to perform the next move.
Market Experts Have Simply Learned Trading Discipline
When you realize that the trading market is as dynamic as the income, the ups and downs, the successes and failures; you come to the realization that it’s not individual predictions that make you successful or a failure- its trading discipline. Discipline is your ground when the market fluctuates (as it always does), and it’s the non dynamic element in a dynamic trading world that gives you both perspective and closure when things fail.
Failure is part of the game and if you use that failure as a dynamic tool to learn and hone your trading sword, so to speak, then you will level out in both successes and failures. The successes will be the monetary gain the failures the evolutionary tool to your successes. Strategy makes the money not predictions. Predictions are essentially intangible “ideas” based on facts and guesses, but strategy and discipline are the real tools that create those predictions and more Instead of trying to predict the market- use it as a tool to create a strategy- nothing more.
I’m going to show you how to culminate your strategy, discipline, and true trading power source- not using predictions solely as your best tool. That’s like bringing a knife to a gun fight!
Becoming a disciplined trader requires you to realize that there are certain things you have to constantly watch and be aware of. Some are knowing why you're entering the market and how to execute this entry; knowing when the right time to exit a market and primal execution of your management stops. Managing your risk is essential as is managing and maximizing your cash flow- your capitol and an important tool you can’t trade without!
To summarize; exits, entries, and stops are your main calibration tools. Awareness of each as well as synergizing all is what make you a professional and successful trader. Don’t second guess your decisions, especially based on pure data analysis and intuitive trading.