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How To Win the Game Of Trading

How To Win the Game Of Trading

Most studies show that 90% of traders and investors don’t make money over the long-term. The majority of traders, even if they get lucky and profitable early just give back those gains over time. Even buy and hold investors can become shaken out of their long-term plans to not sell when a vicious bear market takes back years of gains. 80% of traders also tend to just quit altogether during their first two years of learning lessons the hard way. Most traders don’t really fail they just quit too early and never even to the work required to even try to be successful.

Why Most Traders Never Succeed?

Most traders never succeed because they trade without a quantified system with an edge, they trade too big, and they trade based on their emotions, ego, and predictions not price action. This is the opposite of what is needed to be a successful trader. A successful trader uses a quantified system with an edge, trades it with proper position sizing, and follows it with discipline regardless of how they feel or what their opinion is.

10 key lessons from Steve Burns book ( Complete Guide to Price Action Trading )

10 key lessons from Steve Burns book

Price action trading creates signals for entering and exiting a chart for profits over time. An entry signal shows when to get in, and the exit signal shows when to get out. We do not trade opinions and predictions about what is happening on the chart. When the winning trades add up to more than the losing trades, we have found an edge. That is what the price action trader is in search of, a trading strategy with an edge.