3 Steps Closer To Profitable Trading
Text Format of this video - https://vladimirribakov.com/how-to-become-successful-trader/
Step 1 - Strategy Hopping.
Step 2 - Losses.
Step 3 - Blame & Fault.
► Trading Strategy Hopping
Any strategy or almost any, is able to produce money and good returns. If you learn it in-depth and you apply some very basic but crucial filters and rules, you will become a successful trader!
- Don't change your trading strategy before you fully understand how it works.
- Don't change your trading strategy before you tested it with sufficient amount of trades (best done on demo account).
- Don't tweak your trading strategy the moment you think you've spotted something that really "helps" and "improves" it. Those "aha" moments are usually fake. Test your ideas only once you have mastered the original strategy.
► Don't Fear The Losses in Trading
I'm not saying go ahead and lose your money. But it is important to understand that we should follow our trade plan and not cut positions based on emotions and feelings.
- Losing is part of the trading.
- There are no lossless strategies.
- Very few times our trade will work out immediately and the price will move in straight direction towards the target (especially when not scalping). Let the trade work.
- Having confidence in your trading strategy significantly improves the overall performance and trade decisions.
► Blame & Fault
It is easy to blame others for our mistakes. Learn to take the responsibility in your hands. Do your homework and research the source of your trading method and the performance of the trading strategy.
Watch the video
→ Questions, Comments or Suggestions? ←
Drop us a comment below!
► My Trading Websites
https://vladimirribakov.com/ - Vladimir Ribakov’’s Blog
https://vladimirribakov.com/sponsorship-program/ - Top-Rated Trading Systems (2020)
https://vladimirribakov.com/performance-new/ - Trading Systems for 2020
► Feel Free To Follow Me On
https://www.tradersacademyclub.com/ - Traders Academy Club (Facebook)
https://www.instagram.com/vladimirribakov/?hl=en - Instagram
https://twitter.com/VladimirRibakov - Twitter
Thank you for your time!
May you have a great and successful trading week!
To Your Success,
Vladimir Ribakov
Professional Forex Trader
International Certified Financial Technician