Why Are Traders so Preoccupied by Mistakes
Strangely, but traders are usually asking how they can improve based on the mistakes they are making.
A very few traders that I know are asking themselves about the profitable trades.
Why did they take a certain profitable trade?
How could it have been improved…
Where they will need to start looking for patterns that make them money.
Questions that are boring, but essential at the same time are the ones least asked.
It Is All About Asking the Right Questions
Although a very vague statement, it stands right in the center of my trading strategy and way of thinking.
Are you asking yourselves the right questions?
Do you get enough of good trades and are you analyzing them afterwards?
Why ask yourselves constantly on why you have taken this bad trade, while you can optimize your time and ask yourself the question:
How can I repeat this successful trade one more time?
Ten more times… until I become CONSISTENT!
Success equals success
When you are going through a winning streak it feels great! You are on top of your game and exactly at this moment, when your confidence increases to an unprecedented level, your trading results start worsening.
It is only human to be prone to making mistakes.
Beginner traders are not trained to see the market with the same eyes as an experienced trader.
Success equals SUCCESS!
The more profitable you get, the more profitable you want to get. That is where the line of disaster lies.
The line that is so easy to be walked over and so hard to be delineated.
Greed vs. Fear
Greed vs. fear is already an outmoded statement. Did we make this or that mistake because of our greed or fear?
If a question is asked a thousand times it becomes a self-evident truth. The more we ask ourselves (and others) the same questions, the more we will be prone to mistakes.
Why nobody talks about good trading analysis?
How come no one is asking questions related to improving an already stunning performance.
Why there are traders still preoccupied with losing trades so much that they forget what winning is.
Naturally inept to make a difference
Are we naturally inept to make a difference?
Why is it so hard to find a profitable trading system and stick with it?
It is all about the questions that you, as traders, ask yourselves.
I will only ask you one question: When was the last time you analysed a profitable day and asked yourself the question why was I profitable this day and how my day could have been improved?
Good luck with your trading,
