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.
It is a step-by-step process. We believe that anyone who makes the right strategy and approach will succeed. Unfortunately, most traders are impatient. They want instant learning and profit. That is why most traders fail because of their wrongdoings. We just note that trading is not just an ordinary job. This is not just about money but a skill. And finding the right strategy plus skills makes you profitable, but being too greedy makes you lose as well. Still, we have to manage ourselves and put things in balance, then everything will go smoothly.