Top 3 Signs Of A Failing Trader... (Avoid These At all Costs!)

"I need to see 100 instances of that strategy playing out that rules-based objective strategy playing out and giving me a profit before I can add that pair to my portfolio."

"If you feel like your problem is with a strategy then create a strategy or learn one that has solid and easy to follow conditions entry stops and targets then take that rules-based strategy write every one of those rules down write down all of your conditions all your entry reasons whether you have one or multiple write down your stop placement and your target payment placement based on all that information go through historic data 100 times per pair in time frame you want to test that on pick out the best pairs that worked and then your strategy problem will be completely solved."

"Most strategies most professional traders most traders in general win about 50 of the time so if you're going to be winning and losing 50 of your trades you need to think about that as in how much money are you willing to lose when you're flipping a quarter"

"if it's five losses in a row and you're risking two percent five times that two percent means a ten percent drawdown are you okay with that"

"you may have a strategy that's 50 accurate with a two to one risk reward and with that being the case that strategy is really likely to lose there's like a 50 chance with those numbers just trust me on math here with those numbers there's a really good chance you lose 10 trades in a row it's about a 50 chance you lose 10 trades in a row"

"if you have a 50 chance of losing big l here 10 trades in a row and you're someone that doesn't have good risk management and you're risking 10 per trade and you end up losing those 10 trades in a row what happens you no longer have an account"

"if you want to create a career out of trading then that's the path i'm trying to show you in order to do that you must have a strategy that makes money over time a good risk management plan and you must stay disciplined to those things"

"staying disciplined gets a lot easier when you have a good risk management plan staying disciplined is much easier when you've back tested the strategy and you've seen that it makes profit in historic data staying discipline is almost inevitable once you have those two things combined"

"if anyone any trader out there has a mistake in one of these three areas these are the top three signs that a traitor will fail a strategy that doesn't make money or they can't stick to a risk management plan that's not good for their personality and causes them to get emotional and to even worse blow their entire account or if they can't stay disciplined to those two things they inevitably will fail"