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Don’t get caught by measuring your progress in terms of dollar, you know what? This is one of the most common mistakes forex traders make. . If you’re focusing on the money made or lost after a trade, you’re pursuing the wrong way this will likely to get you into emotional trading, to avoid this you need to pay attention to the percentages. . Let’s assume for a moment that you have a $1,000 account. You just closed out a profitable trade where your risk was $10 and your profit was $50, but it took three weeks for that trade to play out in your favor? . Most traders don't see this as a 5% profit with 1% risk within a three week period, they only see $50 that took almost a month to make. It's true that $50 a month isn’t going to pay the bills. It's okay the goal is to manage risk so stay patient and only take the very best setups. . Let's use a $500,000 account. That same 5% profit is now worth $25,000. The percentages are the same, the only thing that’s changed is the dollar amount. Would you be happy making $25,000 per month? I’ll bet you would. That’s enough to pay for your monthly expenses and then some. . My point here is that the performance figures didn’t change. The effort that went into making $50 in three weeks was the exact same as it was to make $25,000. At the end of the day, the money is irrelevant. What matters most is managing risk, and for that you need to use percentages. . #finance#trader#investor#mentorship#investing#bitcoin#learntotrade#forextrading#stockmarket#education#financialfreedom#swingtrader#swingtrading#swingtrade#wallstreetjournal#wallstreet#blockchain#crypto#cryptocurrency#daytrading#daytrader#milionairemindset#wolfogwallsteeet#technicalanalysis#sucess#stock#entrepreneur#forex#coin
Un trader à la ferme. Rempli moi cette brouette de 🍓et de 💐#jamaissansmacueillette #fragola #alessandrina #trader #paysan
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