Trading is a psychological battle where emotions like greed and fear drive irrational decisions. Many traders fall into a “reset loop,” reopening accounts without addressing core issues. Market fluctuations, though appearing random, may be controlled by algorithms, limiting price movements. Relying solely on short-term charts is risky, akin to gambling, while higher time frames like weekly charts offer clearer trends.
Avoiding stop losses reflects a lack of discipline. Stop losses are essential for managing risk and maintaining responsibility. Traditional theories, such as Elliott Wave, often overlook the importance of time. In reality, markets seek liquidity and fill price gaps, not complex patterns.
Success in trading goes beyond technical skills—it requires emotional awareness. Documenting thoughts and mistakes, even in demo accounts, helps identify behavioral patterns. The market doesn’t defeat traders; they defeat themselves by ignoring personal flaws. Sustainable success demands discipline,… 0 reply
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