Tips to Improve Your Trading & Become Successful Trader | Day Trading Mindset


Tips to Improve Your Trading & Become Successful | Day Trading Mindset


Any trading strategy is only about probabilities like winning streaks and losing streaks and averages of all those trades results are important. As a full-time trader, we should not bother about the outcome of one or two trades. In this game of probability, all we have to do is protect our trading capital and that should be our main priority. If we overly exposing ourselves and with bad risk management we will blow up our capital sooner or later.

 

I believe, minimizing exposure is the best way to go when we do day-trading. I suggest that reducing our exposure will help us in reducing the pressure we might feel while trading, however, if we have a trading strategy with risk management, will help us to get regular consistent results in long run, only thing is that we have to execute our trading strategy every time again and again and again. that's it.

 

Trading strategy that must be tested and that should get odds in our favor. It removes emotions from trading. a trader following a strategy always knows what to do whatever the market does. when a trader doesn’t have a strategy tries to make decisions in the live market and become emotionally attached to his positions. that may experience him into panic decisions when markets go against and do not move in his favor, because he has not prepared a response to a market move.

Tips to Improve Your Trading & Become Successful Trader | Day Trading Mindset Tips to Improve Your Trading & Become Successful Trader | Day Trading Mindset Reviewed by RD Singh on 06:07 Rating: 5

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