Post
Topic
Board Trading Discussion
Re: trading needs consistent attention and full concentration
by
LUCKMCFLY
on 21/07/2021, 07:00:10 UTC
considering the fact that trading is highly profitable and responds majorly to knowledge and skills, this means its needs full attention and concentration consistently. i have  noticed alot of new and upcoming trader gets carried away easily with little profits or loss. this makes many to quit or feel complascent. becoming a good trader is like going to a school, you do all necessary things consistently without any distraction untill you succeed. this is one of the things that i feel is needed to incorporate into trading learning process and lifestyle. 

When it comes to short-term trading, it is necessary to do so, but in my view of trading I prefer to do it in the medium and long term, I have found that peace of mind in trading is the best thing to have.

My technique is the following, I place an order where there is stop loss and take profit, I just have to wait to see what happens, and so I don't have to be stuck to the PC.

In my beginnings I always operated without detaching myself from the PC but that did not give me time in my daily life to do anything, just wait and see the PC, and that is not healthy either, I think that trading should be seen as a business, at least I have. learned from the books and advice of the great masters of trading, such as Wyckoff, Livermore, among others.