Why Trading Forex in December Feels SO Different
Most traders donโt understand thisโฆ but December is NOT a normal trading month.
Letโs break it down ๐๐ฅ
@_Abuju@Rhymez_trades@DonmarksonC Gold normally creates inducement, takes it out and then moves on it direction.. this is something which is very common to gold
Losing and Losing Streaks:
1. Getting angry every time you lose or trying to avoid losing ultimately denies your system.
Trying to gain an edge while denying the system is contradictory.
2. If you want to extract the edge, you must accept all the results that come from acting according to the system's instructions.
Losses and losing streaks do not indicate that the system is wrong.
They are simply the system expressing itself correctly, and you should go with the flow.
Do not misunderstand this as being wrong and start making various "improvements."
3. The results that occur when you follow the rules are not your responsibility, and there is nothing wrong with the outcomes.
If you feel they are problematic, it just means you did not know the system as it is, and you did not properly test it beforehand, indicating an issue with your preparation.
4. There are winning streaks as well as losing streaks.
Randomness will show you various outcomes, but if you remain consistent, it will converge to the true probabilities.
The events you see within your scope are strongly influenced by randomness.
Convergence to probabilities occurs over a much larger sample size than you might think.
This requires discipline, consistency, and time.
5. Losing does not mean failure.
The moment you break the system's instructions or change the system to avoid losing, that is when you fail.
Knowing the next Draw on Liquidity doesnโt guarantee youโll get an entry according to your criteria for participation.
My targets were almost completely reached before killzones๐คท๐ปโโ๏ธ๐คท๐ปโโ๏ธ๐คท๐ปโโ๏ธ. Thatโs part of the trading game.
First target draw on Liquidity for today hit. Iโll watch to see if price wants to continue higher or tank๐ต๏ธโโ๏ธ๐ต๏ธโโ๏ธ๐ต๏ธโโ๏ธ