Once, about fifteen years ago, I came across a parable about traders. I decided to share it with you — perhaps it will give someone a reason to think.
Imagine: the beginning of the trading day. One trader sold euros, but the asset continued to rise. As a result, he closed the deal at a loss. The second trader bought, but also recorded losses. But the third one acted differently. First, he bought, then sold — and made a profit on both trades.
Interesting, isn't it? At first glance, everything depends on the market. But in reality, the key factor for success is not the chart, but the actions of the trader himself.
Often the reasons for our failures lie not in price behavior, but within ourselves. We simply lack at least one of the following:
A clear trading plan.
A clearly defined entry point.
A justified exit point.
An understanding of what is happening in the market.
This is exactly what makes trading difficult for many. Perhaps it is worth starting small — with analyzing your actions and creating a simple, yet clear strategy.