What makes me different as a trader

It cannot be over-emphasized how important it is to be in control of our emotional responses and behavioral patterns when we are trading the live markets. Many aspiring traders are very soon “filtered out of the game” not because their strategies are bad, or that they are not intelligent enough. It’s really a matter of recognizing and followiing certain timeless principles of trading. I believe this is what makes me stand out as a successful trader.

Too many people run after the “secret” or “holy grail” strategy that supposedly can capture every major market trend and profit from it. The truth of the matter is that no strategy can capture evey move, and that no strategy can be 100% profitable!

Very often, when my students  ask me why a particular trade failed, I am able to point out reasons for the loss; it could be that the entry was too late, or that not all conditions were ideally fulfilled, or that entry was done too near a major news event.

However, there are times when the entry was ideal in many ways, but the trade still failed! In such cases, all I can say to them is, “It’s part of the game, my friend!”

Yes, we must accept that losses are just part of the game! Remember the wise saying: “I would rather follow my rules and lose, than to break my rules and win!”

Every method has its limitations. What I have done over the last 5 years is simply to consistently use (with discipline and proper money management) strategies that produce more wins than losses in the long run.

Because I have been systematically doing this over and over again, I have managed to consistently profit from forex trading. Compared to many of my friends who are holding top positions in MNCs, I am making more money and spending far less time and effort doing so!

When I think about it, I couldn’t be more thankful. Having developed a recession-proof skill, I know I am far ahead of most people! I certainly hope to see many more people joining me :)

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