Proper Trading Vs Trading Results - What Is Your Choice?
People, are you serious? Are you really surprised that some trades can be closed by stop-loss orders? Wow!!! What a wonderful World!
It is impossible to imagine that someone thinks that trading consists of profitable trades only. That someone who has trading experience since 2007 year, must share only profitable trades! Right? And if he does not do it = he is a stupid man and a stupid trader. Very nice approach!
What should I say? Again, I must remind you that knowledge and experience can explain a lot of things in trading as well as show you who is a good trader and who is "PRO trader" and "guru". It won't be obvious for the majority, but it is a fact. There is no strong correlation between profits in the spreadsheet and professional skills. When you get knowledge, you will understand that I'm right.
It is possible to be in profit even you have no ideas what proper trading is and why you have to follow it. You can close 10 trades in profit and show your statement to everyone. But what if you could get this profit because you were lucky and markets moved in your direction? Will you be profitable in 100 trades? Will you be profitable in 1000 trades as well when the fortune doesn't support you? I don't think so. I'm sure if you know nothing about trading, you will destroy your capital. it is just a question of time.
At the same time, if you have an opportunity to share 5 trades from 10 using the same strategy, there is a chance that all of them will be profitable. There is a chance that all of them will be closed by stop. There is a chance that there will be 2 profitable and 3 closed by stop and so on. And??? How will this information help you if you can measure only by trading results? The same strategy will be amazing when you see 5 profitable trades. It will be useless if you see 5 trades closed by stop. Right? Don't you think that such an approach is not right to measure tool?
That's why I don't recommend looking at trading results only but care about the information from description just in order to understand why we have buying or selling opportunities. If a trader makes a mistake in FA and TA, you have an amazing opportunity to complain and support your position by arguments. But if a trade is logical and solid from FA or TA point of view, but the price just moved against the trade, it can be like this. Trading is a prediction, and it is obvious that you can't have 100% win rate.
From the chart above, you can see how the same setup could be profit 3 times from 4. Yes, I did not write about these setups and wrote only about the 4th, where the price reached stop level. And? Does it mean that the setup is not profitable?
Please, compare these setups with the previous selling opportunity from 1.14000 resistance. You can read this post in the related ideas.
Thanks for your attention!
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
It is impossible to imagine that someone thinks that trading consists of profitable trades only. That someone who has trading experience since 2007 year, must share only profitable trades! Right? And if he does not do it = he is a stupid man and a stupid trader. Very nice approach!
What should I say? Again, I must remind you that knowledge and experience can explain a lot of things in trading as well as show you who is a good trader and who is "PRO trader" and "guru". It won't be obvious for the majority, but it is a fact. There is no strong correlation between profits in the spreadsheet and professional skills. When you get knowledge, you will understand that I'm right.
It is possible to be in profit even you have no ideas what proper trading is and why you have to follow it. You can close 10 trades in profit and show your statement to everyone. But what if you could get this profit because you were lucky and markets moved in your direction? Will you be profitable in 100 trades? Will you be profitable in 1000 trades as well when the fortune doesn't support you? I don't think so. I'm sure if you know nothing about trading, you will destroy your capital. it is just a question of time.
At the same time, if you have an opportunity to share 5 trades from 10 using the same strategy, there is a chance that all of them will be profitable. There is a chance that all of them will be closed by stop. There is a chance that there will be 2 profitable and 3 closed by stop and so on. And??? How will this information help you if you can measure only by trading results? The same strategy will be amazing when you see 5 profitable trades. It will be useless if you see 5 trades closed by stop. Right? Don't you think that such an approach is not right to measure tool?
That's why I don't recommend looking at trading results only but care about the information from description just in order to understand why we have buying or selling opportunities. If a trader makes a mistake in FA and TA, you have an amazing opportunity to complain and support your position by arguments. But if a trade is logical and solid from FA or TA point of view, but the price just moved against the trade, it can be like this. Trading is a prediction, and it is obvious that you can't have 100% win rate.
From the chart above, you can see how the same setup could be profit 3 times from 4. Yes, I did not write about these setups and wrote only about the 4th, where the price reached stop level. And? Does it mean that the setup is not profitable?
Please, compare these setups with the previous selling opportunity from 1.14000 resistance. You can read this post in the related ideas.
Thanks for your attention!
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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