Here’s the thing:
You can have the best psychology in trading, and still be a consistent loser.
You can have the tightest risk control, and still not succeed in this business.
What exactly does it take to be a profitable trader?
This is what you’ll learn in today’s lesson.
The 3 things you need to become a profitable trader. If you lack any of these ingredients, you’ll never succeed in this business.
Watch this lesson below:
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It is not easy to keep all 3 conditions.
While having them, there is always the risk of lose one’s power of reasoning.
Great Lesson! Thanks!
Yes it isn’t easy, I admit.
It takes time and effort to master one’s emotion.
I hope you’re doing great!
thank you for the informative video.
You’re welcome, Leonard.
Don’t hesitate to let me know if you’ve got any questions, I’ll be glad to help.
Thanks again for the simple to understand for newbie like me.
You’re welcome, glad it could make sense to you.
I hope to hear more from you in the near future.
hi ! rayner,
very nice sharing, is not easy to understand this 3 stage level to achieve to be a consistent trader, it take a long time try and error,passion to understand the whole cycle to achieve this stage as you mean . you giving the shortcut for them to focus on the journey. well done !
Hi Tet soon!
Yes that basically sums up trading. Simple to learn, but takes time to master.
Hope all is well on your side, my friend.
Again, a very clear and straightforward explanation of what is required to succeed at trading…. and why so many struggle and give up. Another thing that comes to mind, related to psychology, is that many people don’t have the patience to trade small positions and wait for the account to grow. They are tempted to try to make too much too fast. There are many people who blow out because they can’t get over the “get-rich-quick” mentality.
Thanks for your excellent videos and training.
Yes you’re right. Their wrong expectations of what trading is about leads to over trading, and the need to make big money fast. This doesn’t end well most of the time.
I hope to hear more from you in the near future. Cheers!
Thank you Rayner.
You’re welcome, Shlomi 🙂
sir, what is the risk reward ratio for intraday trade. most of the time, it is not possible to get 1:2 in intraday
I usually try to target a minimum of 1 to 1 before approaching the nearest swing high/low.
All your videos are wonderful, straightforward and very educative. I would like to hear your views on calculation of Position Size, Risk/Reward , etc.
Keep up the good work.
What would you want to know about?