If I ask you what type of trading you would like to reach, I guess that the majority will pick the profitable trading as the main goal. And it will be not so good. Let’s think together why and discuss it in comments below this post.
What does it mean profitable trading? It means that you trade for making money. It sounds like a good goal, of course, but for reaching it, you need to have knowledge and experience or a piece of luck. Novice traders don't want to spend time getting knowledge and experience. They want to start making money as soon as possible. That's why profitable trading as a goal is good for them. Yes, everyone can make a profit in trading. Even without knowledge, even without experience, even without trading plan and trading strategies. You need just a piece of luck for this. Everyone can make profitable trading. But what about making profit day by day, week by week, month by month and year by year? In this case, relying on luck is not a good idea at all. Just one day without luck can destroy all your profit and get all your money.
Profitable trading as a goal is not so good if you don't have enough knowledge and experience and very risky without them.
What about proper trading? Proper trading means you do the right steps in trading. It means you have the proven trading plan included tested trading strategies, the proper money management strategies. Your work is to follow your trading plan day by day.
With such an approach, you will be able to avoid mistakes. You won’t need luck for making profit as your profit will depend only on your trading plan and how you will follow it. It is absolutely another picture, and you can expect stable and profitable trading in the long run - day by day, week by week, month by month. For this, you just need to do the right steps = follow your trading plan.
That’s why when we talk about goals in trading, I would like to recommend set the right goals. Learn how to trade properly is one of them. Focus not on profit but focus on your trading. If you do the right steps, profit will come, and it will be stable income in the long run.
If you rely on luck in trading, you will fail. It is just the question of time.
What does it mean profitable trading? It means that you trade for making money. It sounds like a good goal, of course, but for reaching it, you need to have knowledge and experience or a piece of luck. Novice traders don't want to spend time getting knowledge and experience. They want to start making money as soon as possible. That's why profitable trading as a goal is good for them. Yes, everyone can make a profit in trading. Even without knowledge, even without experience, even without trading plan and trading strategies. You need just a piece of luck for this. Everyone can make profitable trading. But what about making profit day by day, week by week, month by month and year by year? In this case, relying on luck is not a good idea at all. Just one day without luck can destroy all your profit and get all your money.
Profitable trading as a goal is not so good if you don't have enough knowledge and experience and very risky without them.
What about proper trading? Proper trading means you do the right steps in trading. It means you have the proven trading plan included tested trading strategies, the proper money management strategies. Your work is to follow your trading plan day by day.
With such an approach, you will be able to avoid mistakes. You won’t need luck for making profit as your profit will depend only on your trading plan and how you will follow it. It is absolutely another picture, and you can expect stable and profitable trading in the long run - day by day, week by week, month by month. For this, you just need to do the right steps = follow your trading plan.
That’s why when we talk about goals in trading, I would like to recommend set the right goals. Learn how to trade properly is one of them. Focus not on profit but focus on your trading. If you do the right steps, profit will come, and it will be stable income in the long run.
If you rely on luck in trading, you will fail. It is just the question of time.
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💎 Share My BEST Trades here 👉 bit.ly/wubits
