if we understand the market movements, the strategy we use can be dynamic, but it also depends on the existing market conditions, so we can cut losses early, and the most important thing is that we must have a reason for every decision, so that it is not based on mere feeling. Moreover, the smaller the time frame that we use, of course, the more dynamic the strategy used according to the needs of each trader
The fact that many traders have been basing their decisions sometimes on their feelings is what makes them having a bad decision. It's not going to be gone and it could happen anytime to any of us. That's why strategies really are dynamic because they changes overtime, no matter how good you are with your current strategy, you will have that time to replace it when it's necessary. We make mistakes but if you don't learn anything from those, you're wasting your resources.
Emotions is also a factor which could really affect out your decisions not only on trading but in all aspects or situations in life since we are just humans who do really commonly make out those impressions
and views towards things.Speaking with trading then as the time goes by and we do able to make ourselves enhance our trading skills and knowledge then it would really be just normal that we would
be enhancing the way we do really trade and since this market is always been unpredictable then you would really be making yourself that versatile and able to adjust yourself on whatever
condition or situation it might be.Experience is the key for you to handle up different conditions.
It's important to adopt in any market situation and speaking of emotions most of those failed trades happens when you follow your emotions during your trade, it's important to make sure that you are following your strategy and not to allow any distractions with your strategy. No doubt that the volatile nature of this industry will teach you to keep coping with any adjustment you needed to attain success. You just need to keep yourself open-minded for the betterment of your success.
You have to learn from every market trades that you executed. Enhancing your skills comes from your new sets of ideas that you've learned from your past trades.
It's a never stop evolution that you needed to consider a battlefield where everyone brings their best equipment to make sure that they've got the upper hands when they position their trades.