Quote from: GreatArkansas on Today at 01:31:27 AM

Quote from: jossiel on December 16, 2020, 06:01:15 AM

Quote from: winrate.io on December 15, 2020, 09:58:30 PM

"You need a strategy"
Everyone told me from day 1 "You need a strategy" - but I simply didn't know how to make one. After losing 90% of my account balance, I took a break from trading for 6 months. Then I came back with a new mindset and reviewed some of my past trades.

Just as I think before but you know what, most traders are dealing with hardship in making their trades profitable. In the real situation, traders get a lot of failures before getting the right mixture of strategy in order for them to attain profitability.
(....)

Opening a trade position is just building a house, you need to plan, you have this blueprint for what will be the house looks like. You need to build the foundation of the house and make sure it will last longer with good equipment.
It is the same with trading, you gonna need to plan ahead, like the target price, or stop-loss. That's why technical analysis is really important when you do trading.

Without technical analysis we are like blind on seeing some possibilities and we are just guessing on the outcome on our trades which is dangerous to us and can lead to lossing our capitals that's why we need to have a certain plan so that we can react on how the market goes in a short while. Market is mysterious so we should have discipline to apply what we learn and not to be greedy about to gain more from it since this will cost a lot from us if we do some mistakes on our trades.