The biggest secret about success is that there isn’t any secret about it, or if there is, then it’s a secret to me, too. The idea of searching for some secret for trading success misses the point.
Traders often repeat the same mistakes over and over, acting on triggers that have served them poorly time and time again even as they continue to expect a tidy profit as a reward.
Anyone with an average intelligence can learn how to trade. This is not rocket science. However, it’s much easier to learn what you should do in trading than do it.
More importantly, if you cannot accept that losses will occur, then you cannot accept a good trading system that will make a lot of money in the long run but might lose money 60 percent of the time.
If you make a bad trade and you have money management you are really not in much trouble. However, if you miss a good trade there is nowhere to turn. If you miss good trades with any regularity you’re finished.
We use technical analysis not because we think it means something, but because other people think it means something. We are always looking for market participants to take us out of a trade, and in that sense, knowing the technical points at which people are likely to be buying or selling is helpful.
Inspiration och tips till din trading
Varför är diversifering viktigt? Jo för att det ger ett jämnare resultat och minskar drawdowns. Kevin Davey berättar vikten av diversifiering på 2min.