As a trader, you have to forget about finding a sure thing. You must accept the fact that the stock market can do anything at anytime. If you are not convinced, consider that there are millions of traders trading for institutions, funds, investors, swing traders, scalpers, etc all acting together in different time frames and using different types of analysis.
Fact: Trading is not about guessing the future because it cannot be done.
If you accept this fact, then it is much easier to take losses without destroying your self-esteem. You take a trade, you accept that you don’t know what will happen next. You have no expectations that this trade will turn into a winner. Your only expectation is that something will happen.
So how do you make money not knowing what will happen next? You treat trading as a probability game. Here is an example of a probability game:
Let’s say I roll a dice:
– I pay $1 each time I play
– If I roll a 3, a 4, a 5, or a 6 then I win $2. If I roll a 1 or a 2 then I don’t win anything.
Clearly, every time I roll the dice I have no idea what the outcome will be. But I know that for...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
