Why is it that traders are often too scared to enter the "best trades" but jump into the worst possible trades with full confidence?
It is because they feel they don't have to take responsibility for a trade that they haven't thoughtfully planned. So when a trade like that goes against them, they “ditch” the responsibility for such a trade and say something like, “Whatever I didn't really care lol.”
But when they do the hard work of analyzing and taking time to find a good trade, suddenly they're afraid to enter. Not because of the volatility, risks and other dynamics of the trade, but because they know that they have to take responsibility for such a trade when it goes against them and admit that they were wrong and made a mistake.
And the idea of admitting they were wrong is often scarier for traders than losing money.
Trading fact.
The more money you invest,
the more emotional you will be.
The better you adjust the size of your trade,
the calmer you will be during its execution.
Trading really ain’t that hard.
Most of your success comes from not going complete idiot.
Staying out of leverage, staying out of market noise, managing risks and focusing on your plan.
3 challenging years for a lifetime of wealth.
It's a great trade that most people don't have enough discipline to get into.
That's why most people fail at trading.
A strategy is just a tool.
A trader must learn to work with it.
If a trader lacks discipline, patience, and is impulsive, even the best strategies will not make him money.
Perfectionism is often just procrastination in disguise.
You learn and grow from your mistakes.
Those who act as if they must avoid mistakes will always be wrong.