The degree to which a trader thinks he/she knows what will happen next in the market, is the degree to they will fail as a trader.
The best traders accept the uncertainty of each trade and the understand that each moment is unique in the market.
Casinos make a profit, day after day, year after year. By facilitating events that have purely random outcomes.
The answer is Probabilities.
They know, if they can facilitate the same events repeatedly over time. The odds start to align in their favour.
Same goes in trading💡
“You will never change your life until you change something you do daily. The secret of your success is found in your daily routine.”
— John C. Maxwell
Happy people don't rely on external things to make them happy, they are simply happy people who do things.
Consistently profitable traders are the same. They're consistent as a natural expression of who they are.
They don't try to be consistent. They are consistent💯
Amateur traders want to control the market.
Successful traders want to control their systems, their emotions and themselves.
That's why successful traders are successful.
3 #trading tools helped me the most to make progress:
1) Diary: Write down execution of trades, feelings, reminders …
2) Checklists: Entry, exit, selection criteria, process …
3) Trading journal: Documentation of all trades I took.