The concept we are talking about in this article is very important that when you understand and realize that it actually is true, makes it possible for you to see trading from a whole new perspective. We wonder to ourselves: how much can I actually control when it comes to trading? Or I think that I am the victim of the market? The answer will surprise you.
The only thing you can’t control
There is only one thing in trading that you absolutely don’t have control over: how the movement goes and what results it gets. At any given time, anything can happen in the market and it is not just limited to price behavior. A central bank or government can come up with a message or an unexpected geopolitical event.
As traders, it is not your job to manage everything on the market and you don’t have to guess what will happen next. As we will see shortly, the dealer has endless opportunities, and he has total control over their own well-being.
What you can control when you shop
Let us begin with the biggest advantage is that traders. You are the person who makes the decision when to enter the market. If you don’t like what you see, you do nothing. Therefore, you enter a trade.
Amatörhandlare make the mistake by thinking that they have to be in the markets all the time. You just need a few good trades each month in order to get ahead. Live to trade another day. The more you understand that you do not need to trade, the better will be your results.
To avoid going in a loss are far more important than finding winning trades.
When you exit a trade
Here comes the second big advantage for you as a trader. When you are in a trade, you are not stuck and a victim of the market. At anytime you can press on the button to get out.
If you see that price goes against your SL-orders, don’t just sit there, take action and close the trade manually in order to minimize the loss.
You are in full control all the time. Even if you can’t control the outcome of a trade, you will have a big impact on how much you win and lose and when you want the trade to be over.
Choose your weapons
Every trader is different and therefore you must find the tool that fits naturally for you. Some traders prefer to use indicators to make trading decisions, some prefer to trade pure PA, and a third group uses a combination of both.
But it doesn’t stop there. You can also choose between the different tools. A variety of indicators, oscillators or momentum, tools like the moving averages or Fibonacci, ljusstakeanalyser or support and resistance are just a few of the tools you can choose from.
While some traders believe that the lower time frames are too noisy and hectic, prefer other traders these fast-paced charts.
There is no reason for traders to trade based on a trading system that does not fully complement his personality.
Your insurance policy that traders
A stoppförlust is a good instrument. But only by using a SL order, you can control how much your maximum loss will be. By using a SL you will eliminate the uncertainty because you already know what the worst case scenario will be.
How you interpret the trade
”You can’t control what happens to you, but you can control your attitude toward what happens to you.” – Brian Tracy
Revanchhandel or over-excitement are just two reasons why traders lose more money than necessary. Emotions and psychology play a big role when it comes to success in trading or failure, but remember that they are created in your head and you are the one who makes it possible to control them.
A loss is a loss. It’s inevitable, a part of the game and no matter how good you are as a trader, you will lose countless shops.
On the other hand, there is no reason to get excited about a trade. A trade should be normal. Yes, it is good to earn money and that is why we all are in this game in the first place, but a trader should never be överupphetsad. Go on, follow your plan and treat trading like a business. The more you try to beat the lost business, the more money you will lose eventually.
Conclusion: do not Fight with the markets. Use your opportunities
Even if you can’t control everything, you have great benefits. Yes, you can’t control the outcome of a trade, but there are many different ways you can make sure that the odds are in your favor. A trader is not the helpless offeret in what the market wants to do to him, but he is the one who has full control all the time!