There are traders that have a good strategy that they use in the market, but still are unable to maximize profit they make.
I think that success in trading is in two parts, which is
- First having a strategy,
- Secondly knowing how to utilize the strategy to profit well.
After learning the first, it is important to learn the second else you will be a trader with a strategy that should work, but no profit to show for it. When you hear of traders who were successfully able flip small account sizes to big ones in a short time, it is not just because of their strategy alone, it is also due to understanding of how to maximize profits and minimize loss.
This is where it is important to put trust in the analysis and plans that we have made ourselves. And it is also important to be a disciplined trader in determining risk management. because with this the trader already has points where he has to take profits and where he has to make cutloss decisions so that losses don't increase.
And yes, a good strategy will not necessarily bring maximum profits if the trader cannot use it well. In this case it is about how we must stick to the analysis and careful plans that we have made. Don't let emotional conditions influence our decisions in trading.