I was thinking this morning and trying to used my trading experienced in analyzing my past performance in trading but I came to conclusions that most times that I lose, my predictions of market directions is right just that something unexpected happened along the way.
Because of this unexpected reactions in market cycles that is why we should learn on how to manage risk. Since there are many indicators and we can not used all of them at the same time I believe that there is no way we would be successful in trading except we learned how to manage risk and reduce our risk as minimum as possible.
2019, is here, are we going to continue in losing trade? I have decided to love my capital more than profits this year and I am not going to take much risky trade this year.
There is a rule in trading " Money saved is money earned". If you are capable of saving your equity then you are at the first step of successful trading.
Only technical analysis, fundamental or sentimental analysis cannot make you a good trade, you need to learn money management which is an essential part of trading, aside to this you need to control your greed and fear, many good traders lose because of greed and fear. Always trade with a solid plan, if plan A fails what is the plan B. If you can learn all these things then your destination of becoming successful trader is not far away.