Dear All
This is a serious note that very few Professional Traders became successful in Trading.I analysed this winning ratio from many years and finally shocked when I know the real fact. Most of the traders are busy with searching for new Indicators, hunting for the next opportunities to trading Longs, Shorts, hedging in Markets. I agree that Research is most essential before taking any call. Along with this managing the risk, position-sizing, balanced mindset has to run the show.
Dear Trader (as a reader)
A war between the heart and mind will always be there in every human being. In Trading let your mind wins the game as per pre-defined plan. Be prepared mentally and financially before taking a call. Do not wish, pray, greed or hope for booking profits, accept the reality and come out of your illusionary world.
Changing the plan while the position is open leads you to the road, so never let your trading plan to change towards your heart.
Adopt the right setup, Improve your trading skills, Keep your Trading journal for regular reviews and self Improvements.
Happy Trading!