Starting trading is difficult
When I first started trading, I thought I had to outperform the market. I was looking for the "puzzle solution" in trading, but I never found it. I spent long hours watching videos and reading books, but I made no progress.
The beginning of the transformation in trading
I started reading books about trading and found that most successful traders focus on risk management and probabilities. I realized that trading is a game of probabilities, and no matter how good my analysis is, the market can do whatever it wants.
Building a strict trading system
I stopped live trading and started building a trading system. I collected screenshots of my previous trades and identified patterns that worked well. I created a simple trading plan with a list of rules to follow for each trade.
Results of implementing the trading plan
Results started to improve after testing my trading plan. My trades became profitable for the first time ever, and I began to feel confident in my trading abilities.
Summary
Trading is easier than you think. Be serious and do not be complacent. You don't need to know the "secret winning strategy"; you need to eliminate the clutter and create a serious trading system. You can achieve success in trading by building a strong trading system and managing risks effectively.
Practical steps to become a successful trader
1. *Setting Goals*: Define your trading goals and outline your strategy.
2. *Building the System*: Build a strong trading system with a list of rules to follow for each trade.
3. *Risk Management*: Determine how to manage risks and define the size of trades.
4. *Verification and Improvement*: Test your trading plan and continuously improve it.
Success in trading
You can achieve success in trading by building a strong trading system and managing risks effectively. You don't need to be an expert in technical analysis, but you need to be able to manage risks and achieve consistency in your trades.
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