Tuesday, December 6, 2016

Trading Is A Boring Profession?

Being profitable does not mean that you have to be active in trading every hour or to open more trades in order to be a profitable trader, on the contrary most successful traders in this market may place just a few trades every week and still come out profitable, why? because this is precisely what trading is all about, it requires discipline and the patience to wait for the market to aligned according to your trading strategy, but most traders do the opposite they chase the market, they are get controlled by their emotions and get carried away by the roller coaster ride of the market,perhaps this is attributed to our very nature that we always want excitement we want to push for more actions but this is not what trading is all about, if a trader want to be successful and make money in this business he must develop the skills that professional traders have.

Professional traders are calm and discipline every time they face the market, they make sure that they follow their trading rule every single trading day and without thinking that the particular trade will be a winner or loser, if at certain days that market shows no trade setup according to their strategy then they just skip trading. Professional traders don't force their trade and just continue to wait until the market is aligned to their trade criteria, while struggling traders look for action all the time in the market that can only lead to more losing trades because of poor entry, trading is all about quality of trades not the quantity.

Being a professional trader means doing repetitive action all the time that makes trading a boring profession but this is the only way to be profitable in trading, if you want excitement then seek it somewhere else or suffer the consequence of losing money all the time, we must get to boredom as much as possible to become profitable traders.

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