lose my first 5-7 trades before hitting my first winner. Most people stop once they start losing beyond a certain threshold, whereas the big winners continue trading. His trajectory is in the right direction and his trend is upward. In this post, Im going to share nine attributes of successful Forex traders that you may not have thought of until today. Was it the passing?
Druckenmiller says that his trading philosophy for building long-term returns revolves around preserving capital, and then aggressively pursuing profits when trades are going well. At least thats what weve come to believe over the course of our lives. My accuracy for 2015 was about 46 but my R per trade was above 2, so this shows a positive expectancy with proper control of risk. If your only reason for trading is making money, then you may want to have another look at your chosen career. He is the founding member of the Commodities Corporation Company. But they show you whats possible, why psychological endurance is needed, and how important proper price action training a successful mindset are to making money trading. This theory suggests there is a feedback mechanism between perception and events. Such a statement would contradict my own experience. Think of it like learning how to shoot a bow and how seldom youll hit the center.