If you’ve been trading for a while, I’m sure you’ve heard the statistic that 90% of traders fail. Also, I’m pretty sure that all of us strive to be a part of the 10%. How can we do this?
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Stick with It
Sticking to your trading strategy is often the most difficult thing for traders to do. That’s because sticking to your strategy means: you don’t hop from one strategy to the next, you manage your trades (stop losses and profit targets) according to you rules, your risk management is according to your rules and you don’t let all the noise (social media) influence your trading decisions.
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Patience and Trading
Aspiring traders often think that trading means trading / clicking buttons all the time, but it’s actually the opposite… Doing less / being more patient, is often what is needed. Let’s discuss.
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