Why 90% Traders fail even with good Strategies? Let's talk about it
Trading is a profession where perfection doesn't Exist. Here you can't be 100% true every time.
Many Traders fail not because their strategies doesn't work but because of unmanageable emotions and discipline like fomo, Greed, Revenge Trading and overTrading etc.
They learn a strategy, backtest that and then execution. Luckily that Strategy performs well in beginning but after a while they start to go in drawdown. A small losing streak came and they start thinking that their strategies doesn't work well let's change it and they start to find holy grail again that doesn't Exist.
Their approach should be to master their Setup and then execution with Best Risk Management and Trade Management. Because in this market you will only survive because of Risk Management and your Trade Management Skills. Otherwise your one bad trade will destroy your all good Trades.
Just keep Patience and focus on your Executions. Focus on your psychology and emotional control, Avoid leverage and learn how to wait for your Setups.
You can be profitable with just 40% Winrate and 1:2 R:R and Next we will discuss how to maintain 1:2 R:R minimum even on 1:1 strategies
Give your thoughts in comments and let's connect for better Growth 💹
