When it comes to trading, you’ve got to unlearn what you’ve learned your whole life. It isn’t all about you; it may just be the odds working against you. In other fields, probability plays little if any role. You put in effort, make sure you meet the expectations of the folks who pay you, and you’re a success. In the traditional work environment, it makes sense to put a little ego and pride into your work. Your effort and talent often have a direct payoff.
But with trading, the odds can still go against you, no matter how much work you put in. You need to consider that success can sometimes (but not completely) be a matter of probabilities. That’s hard to accept for most people because it means that when you are a winning trader, to some extent, it may be a matter of the probabilities randomly working in your favor. That takes some of the glory out of it, doesn’t it? But on the other hand, it helps you cope with a severe drawdown.
If you are skilled trader who really has “mastered” the markets, you can feel assured that, if you are trading at peak performance, the odds will soon move back in your favor, and you will again see consistent profits. Taking a detached, unemotional approach may mean giving up feelings of supremacy, but on the other hand, it will help you stay unemotional, take precautions, such as careful risk management, and stay focused on the process of reading the markets, implementing winning trading strategies, and trading consistently.
Trade on MT4 with Leverage up to 1:500! Trade on MT4 with Leverage up to 1:500!
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