TraderNeoh

Trade Entries VS Trade Exits - Do you still make these mistakes?

Education
KRAKEN:XBTUSD   Bitcoin / U. S. Dollar
Hi Traders, welcome back to another workshop. In today's workshop, I will be discussing the importance of taking of both Trade Entries and Trade Exits.

Most traders put way too much attention into spotting the specific entry level. But the truth is, closing out a good position at the right time and at the right price make you money. You can have the best strategy and best entry, but if you don't know how to exit, you'd still end up losing money.

Why majority focus so much on trade entries?
Simply because the feeling of catching tops & bottoms give them a sense of gratification and achievement.

Trading isn't about feeling good, it certainly isn't about ego. It's all about how can you organize your mind to control its performance, so you're consistently extracting profits from the markets, by doing the right thing.

Stop aiming for profits, start focusing on the process.

Do the right thing. Again, and again. That's how you make money from whatever you're doing in life.


Comment down below what's your best and worst positions.

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