Trade to Win!

“If I can’t do it myself, how am I supposed to help others?” - Clem Chambers
 
 
Hello:
 
The first few years of many traders are a series of spectacular vicissitudes. They risk big (You risk big when you use large position sizing. It doesn’t matter whether or not your entry method is correct. Low risk is small position sizing, not a correct entry).  On many instances, some traders make great profits. During this period they tend to make, either by good luck or bad luck or something else, a decision that’s wise and another decision that’s foolish. Acting wisely, some traders would invest some of their gains in other ventures that can yield additional income. Acting foolishly, some traders become overly concerned with multiplying their capital many times. Many won’t accept this until they experience the fact, and when it happens, many kind of obstacles may come in and they’ll begin to experience serious roll-downs. Eventually, a trader may come to terms with this novice behavior – trading for financial rewards rather than flawlessly executing one’s trading plans and setups. Profit and loss will take care of themselves if you can do this. If you know this fact, you could quit your conventional job and become a full time trader. This is easier said than done, for there would be a period of time in your trading career when you’d doubt the sense in being a full time speculator. Majority of highly proficient traders blew themselves in the past (when they were still novices). 
 
 Can you be a successful trader? Can you trade to win? The answer is a big YES. No matter what happened to you in the past or what may be happening to you now, you can be a competent trader.
 
You just need to have modest and realistic expectations. You just need to have an effective setup that works at least 50% of the time. You’ll then use a good risk-to-reward ratio of at least, 1:2. With very small lot sizes, you’ll then use risk control measures to safeguard your capital in an event of a series of losses. You’ll always be a winner – no matter what happens in the markets.
 
You need to believe you can be a competent trader. You can move from the level of failure to the level of competence in trading. You’ve the potential to win most of the trades you make. You just need to follow your rules and use small position sizes as appropriate for your long-term survival. You can take your financial destiny into your hand and manage your portfolio(s) successfully.
 
To achieve the level of competence you need, you’d only take high probability setups in keeping to your strategy. This strategy must’ve worked well in the past. Then you must imagine your trades as they head to your targets. Imagine seeing price movements going in your direction. Imagine yourself being satisfied as you hit the buttons to open and close trading positions. Imagine yourself saying, "Great trades. Wow!" when you see yourself in the green. You need to be disciplined enough to stick to your strengths while you contain harmful feelings of worry, dread and avarice. You need to put your focus on being the best trader you can be. Think of yourself as being result-driven and your trading ‘genius’ would be awakened. Look for setups, according to your trading rules and exploit them adeptly. You should be aware of the time you’ve to trade alongside the price actions and get satisfied with your gains.
 
You must confirm your trading believe by surviving and profiting consistently in the markets. Take all trading setups that come up according to your rules; for you don’t know which setup would be a winner. Irrespective of the uncertainties of the financial markets, you can be a triumphant trader. You can trade to win.
 
What about me? With effective risk control, I’ve removed margin call from my trading glossary. I made serious efforts to survive my learning curve, but I had a great time evolving as a skillful trader. I wouldn’t trade that experience for anything! The rewards I received far outweighed the sacrifice involved.