Important points to remember

Critical points in trading:

Yes, psychologically it is hard but if you are looking for a high accuracy big winner small losing system I cannot give it to you. I still lose multiple times a day, just small. It does not bother me, it's part of how this stuff works.

Three,four,five losers who cares, when I really catch the ball they become a thing of the past.

Why do you think the failing percentage is so high in daytrading ?

Some might say lack of edge, some bad money management, etc etc.

Predominantly I think it's the very same psychology barrier you speak off.

Traders have absolutely no problem allowing losses to become bigger, possibly because they have to be right or cant' handle a small drawdown (what a concept) but as soon as something runs their way they are quick on the trigger to take profits and that's no way to beat this game.

and, Patience is extremely important, good trades don't pop every 30 seconds. If you find 3-4 in a day you are doing above average.


Anek