I was sitting in a cafe with my friend who has been a trader for two months and has studied the stock market for six months,
He told me that in the previous two months he had not made any profit so far. I asked him why he had not made at least 3% of the capital.
He told me I use a difficult strategy and every week I change my trading method but I notice the same thing I win maybe 3 trades and lose them in one trade knowing that he followed strict capital management,
I told him to go and get the machine he was working on so we could do some tests on how it worked,
Then I saw the system he works with and told him to explain to me the strategy he relies on in trading. He started explaining the method in detail.
I told him that's great, what's the market success rate? He told me 67%. I told him that's great,
Hey let's start doing some tests and I set the tests to one month the movement was irregular I told my friend that this is the choice and you were trading with your real account until we know where the problem is,
After the first four successful deals, and in the fifth deal, I gave the indicators and analysis to my friend, and the market went in a different direction for him. My friend found himself waiting for the market to return again to the entry area so that he could close the deal on the adjustment. I also found that the strategy was not followed in the event of a loss. We finally dealt with the matter with him through his own means. He prepared himself. We will talk about it in another article.
The moral of this story is that 95% of people in the financial markets lose because they are not prepared, knowing that most trading strategies are successful at a rate ranging from 60%-80% and this rate makes everyone win. #BTCNextATH? $BTC
