Post
Topic
Board Trading Discussion
Re: Read this if you really want to succeed in trading
by
justdimin
on 06/02/2025, 10:41:41 UTC
If you use indicators but you do not have experience in trading, you will lose more often because making profit in trading is not only about indicators. Although the indicators are still very important because it will still help you make good analyses which is their work and not for making profit in trading.
There are 100s of other factors as well need to be in your favour to make consistent profits from trading which means experiences alone not enough or indicator alone cannot be your saviour. The proper mixture of money management long with disciplined practice of trade plans may get you few chances toward consistent profit making. All experienced  traders cannot be disciplined trader and cannot follow all money management principles. Mind fade may happen to anyone which may lead to losses at any time. So, your experience just another factor for profit making in trading.

What matters the most is that your number of winning trades always supersedes that of losing ones.
The reciprocal also will work if you are able to cut your losses early and able to grow your profits along with trailing stoploss. Theoretically we can have lots of strategies to be profit but real time trading is really a mind game and you cannot be your-planned-trader but you will be a gambler in most critical occasions.