Forex 80 20 rule

For example, sitting and counting how many Elliott waves are there or trying to explain a variety of technical information, etc. Traders are often stuck in such complicated stuff. They quickly get tired, depressed, and give up. Do not trade too much. Never risk too much on every order. Do not lose control of emotions and rush into the market after a big winning or losing order.

Along with balance management, they are considered to be the most difficult parts of trading. I think that is also one of the most important reasons why they lose money. It means waiting patiently for a reasonable chance to pull the trigger. Focus on quality trading rather than quantity trading. The fact is clear that the money I make comes from a very modest percentage of orders.

My winning order usually earns me 2 to 3 times money than the money lost from a losing order. This way, even if the number of losing orders exceeds that of the winning orders, I still earn a decent amount of money at the end of the year. It is understandable because I am very careful when choosing to open an order. I think you should do it too. Most traders prefer the style of trading a lot and continuously. This makes them think that they will make money both more and faster.

They lose money because they trade too much. They do not have enough patience and discipline to wait for a truly clear opportunity. If you have also been trading stock for years, sit back and watch over the years. How many profitable opportunities does the market give us a year? Or how many waves does a year have? The answer is a few times only. The market mainly fluctuates in a given narrow band. Most of the time, the price movement up or down brings no value to traders.

My mission is to analyze price movements, then stay patient and disciplined. I need to wait until the market really gives me the opportunity, rather than jump into an unclear market which fluctuates up and down in a narrow band. This is the most important point that I want to discuss in this article.

Are the majority of losses coming from a small number of days? The same questions can be asked for profits and winning trades as well. Number 2: individual performance personal effectiveness. Traders can analyze these relationships: How much time is spent on each task and how much benefit does it bring? What are the crucial tasks in my trading that lead to the most results? What actions are the most beneficial for my results?

Number 3: the market. Number 4: strategy performance. Traders can analyze these relationships: Do the majority of the trading opportunities occur at the same points during the strategy? Are the majority of my wins generated by a minority of the same entry type? Do the majority of my filters have a very small impact on the performance? Does a minority of my tools and indicators have the most positive impact on the strategy?

Better gauge your projections with the Forex Position Size Calculator. The above questions and ideas are examples. Everyone is highly encouraged to analyze and find connections that benefit them as an individual trader. This is not limited to the above, and many more ideas can be created. Do you notice any cause and effects? Let us know down below in the comments section!

It allows us to focus on the most important and valuable core tasks, methods, and resources. Thanks for dropping a comment down below. We appreciate your ideas. Happy Hunting! We specialize in teaching traders of all skill levels how to trade stocks, options, forex, cryptocurrencies, commodities, and more.

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