How do traders make profit?
TRADINGFEATURED
Do you feel fear, hesitation, uncertainty, fomo?
Want to learn the secret to being a profitable trader?
It’s simpler than you think.
But don’t get simply mixed up with it being easy.
It’s not easy. Why?
Because trading is 80% psychology and 20% technicals.
You discover how to operate as a trader by back-testing your strategy and documenting how you trade during live market conditions.
Do you feel fear, hesitation, uncertainty, FOMO?
And when you feel that, how does it reflect in your trade outcomes?
These are all questions you must ask yourself as you back-test and trade live.
The more you do it, the more you will face your ego.
The more you can let go of that ego, the less attached you are to the outcome.
The less you are attached to the outcome, the better trades you will execute.
Trading is not rocket science, it’s a number game.
Credit: Quora