UnknownUnicorn27179884

UnknownUnicorn27179884

However, market analysis is not the path to consistent results. It will not solve the trading problems created by lack of confidence, lack of discipline, or improper focus.

UnknownUnicorn27179884

When you learn the trading skill of risk acceptance, the market will not be able to generate information that you define or interpret as painful

UnknownUnicorn27179884

I define random trading as poorly-planned trades or trades that are not planned at all. It is an unorganized approach that takes into consideration an unlimited set of market variables, which do not allow you to find out what works on a consistent basis and what does not

UnknownUnicorn27179884

I expect something to happen.I dont analyze,say this will happpen ,that will happen.. Just have an edge,be consistent ,dont listen anyone who is not where you wanna be and know that in the end of the month,year you gonna make profits and will build your wealth with the time.

UnknownUnicorn27179884

Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create certainty where it just doesn't exist. The typical trader won't predefine the risk of getting into a trade because he doesn't believe it's necessary

UnknownUnicorn27179884

I AM A CONSISTENT WINNER BECAUSE: 1. I objectively identify my edges. 2. I predefine the risk of every trade. 3. I completely accept the risk or I am willing to let go of the trade. 4. I act on my edges without reservation or hesitation. 5. I pay myself as the market makes money available to me. 6. I continually monitor my susceptibility for making errors. 7. I...

UnknownUnicorn27179884

However, market analysis is not the path to consistent results. It will not solve the trading problems created by lack of confidence, lack of discipline, or improper focus.

UnknownUnicorn27179884

When you learn the trading skill of risk acceptance, the market will not be able to generate information that you define or interpret as painful. If the information the market generates doesn’t have the potential to cause you emotional pain, there’s nothing to avoid. It is just information, telling you what the possibilities are. This is called an objective...

UnknownUnicorn27179884

A probabilistic mind-set pertaining to trading consists of five fundamental truths. 1. Anything can happen. 2. You don’t need to know what is going to happen next in order to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher probability...

UnknownUnicorn27179884

You create your own game in your mind based on your beliefs, intents, perception and rules.

UnknownUnicorn27179884

“I AM A CONSISTENT WINNER BECAUSE: 1. I objectively identify my edges. 2. I predefine the risk of every trade. 3. I completely accept the risk or I am willing to let go of the trade. 4. I act on my edges without reservation or hesitation. 5. I pay myself as the market makes money available to me. 6. I continually monitor my susceptibility for making errors. 7. I...

UnknownUnicorn27179884

“a greater probability of one thing happening over another. In a sense, technical analysis allows you”

UnknownUnicorn27179884

The best your edge can do is tell you what might happen,it cannot tell you what will happen for sure.

UnknownUnicorn27179884

The trade works or it doesn't,I am going on the next one.In the long term I know Im gonna be a net profit.

UnknownUnicorn27179884

When you really believe that trading is simply a probability game, concepts like right or wrong or win or lose no longer have the same significance.

UnknownUnicorn27179884

The hard, cold reality of trading is that every trade has an uncertain outcome.

UnknownUnicorn27179884

You create your own game in your mind based on your beliefs, intents, perception and rules.

UnknownUnicorn27179884

Probability mindset + The diversification of a Forex portfolio