Consistent growth is...from ShaunManny

Consistent growth is one of the most important principles of success. Whether it is money, habits, relationships, or your career, growing a little better every day can be life changing over the long term #TradeNotes#

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Early on, new traders will want to give up. Particularly when they figure out that the first few years are more about studying and paying tuition in losses, than in making money. Trading is a two-sided competition, and you have to be on the right side of the trade to make profits. Not only does this not happen all the time, but many profitable traders only have 60% win rates. Rather, it is the magnitude of their wins versus their losses, and their fortitude that make them profitable. Half of the battle of successful trading is never giving up. Perseverance in trading is about learning, implementation, and dedication. #Tradingpsychology#

ShaunManny

6. They use trailing stop losses to let a winning trade run for as long as possible. 7. They use stop losses after entries to keep their losing trades small. 8. They do not try to buy the bottom or sell the top they just try to capture a larger part of a trend. 9. They do not try to predict what will happen they trade based on what is happening. 10. The key to a trend traders profitability is the asymmetric nature of their trading. Their downside is managed through position size and tight stop losses but their upside profits are left open during a trend until they have a good reason to exit a trade. #TradeNotes#

ShaunManny

“The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.” - Warren Buffett #Tradingpsychology#

ShaunManny