The big-picture perspective

Posted by Scriptaty | 1:05 AM

That brings us to the final point: professionals believe there is always something to trade. Amateurs may complain the market isn’t trending like it used to, or it’s too choppy.

Professionals don’t have the luxury of complaining about the market. It’s their job to make money no matter what the market is doing. Amateurs would rather be right than make money, while professionals are willing to admit they are wrong, and make money anyway.

The lesson is that to trade like a professional, you have to work a little harder (seeing the warning signs in the bar configuration), be ruthless in abandoning preconceived ideas about what “should” happen (taking the loss), and adapt your trading style (switching timeframes). Then you can have confidence that the market is a playground in which you can make money, and not a battlefield on which you will suffer more losses than gains.

0 comments