Trading is 90% psychology, but
- you can't build confidence without a profitable system.
- you can't have consistent gain without a profitable system.
- you can't be disciplined without a profitable system.
- you can't win without a profitable trading system.
Trading gives you money, in order to to protect your money risk management is paramount.
It gives me the feeling that I'm reading an advertisement that I used to see on pop up ads on websites that are partnered with Google ads. They keep on telling about profitable system.
But actually, it's true that when one doesn't have that. Well, that means that there's no profit at all and it's a struggle for that trader.
And for one to learn that, it requires experience and capital and upon having those, it's true that risk management is also a must.
Everything starts with risk management as you can’t be a good trader in the process if you never take some risk and manage it. And once you develop that profitable trading system, then it become easier for you to gain discipline and self-confidence, and consistent gains and profits will be more possible if you stick with the profitable system. That clearly shows that trading needs to be work for, and follow a process to make it work.