Trading is as easy as you make it and as difficult as you make it.
Why?
Will come to that later.
Markets were closed on 2nd and 3rd. So I took the opportunity to learn more about Price Action Trading in a way an extension of NN. I delved a bit deeper into Lance Beggs and his thought process. Was able to get to defining the market structure.
Later in the night yesterday watched, Mark Douglas's interview
OMG. What an eye-opener. Not that was not aware of what he said but never gave it a deep thought.
I suggest that anyone who is trading, at least in the beginning, should watch this video at least once every week.
So why is trading as easy as you make it and as difficult as you make it?
Easy.
Like most of the stuff in the world, it is inside us. We can get a system, method, process outside but to churn and turn that into a workable action is inside us. Psychology plays a major role in every success and failure. Skills matter but psychology has a much bigger role to play than we can even imagine.
One major learning from the video, Get into the trade accepting the fact it will be a loser and accordingly decide beforehand how-much.
Its a random event that will either kill it or propel it so why even stress ourselves when it gets killed. Accepting beforehand that it will be killed will help us to be in the frame of mind where we will carry little less stress and once this becomes a habit; trading will be a stress-free activity like say brushing our teeth.
Will discuss today's trade in next post.
Best of luck to me. I am losing so why bother. IF I win so why bother.
Why?
Will come to that later.
Markets were closed on 2nd and 3rd. So I took the opportunity to learn more about Price Action Trading in a way an extension of NN. I delved a bit deeper into Lance Beggs and his thought process. Was able to get to defining the market structure.
Later in the night yesterday watched, Mark Douglas's interview
OMG. What an eye-opener. Not that was not aware of what he said but never gave it a deep thought.
I suggest that anyone who is trading, at least in the beginning, should watch this video at least once every week.
So why is trading as easy as you make it and as difficult as you make it?
Easy.
Like most of the stuff in the world, it is inside us. We can get a system, method, process outside but to churn and turn that into a workable action is inside us. Psychology plays a major role in every success and failure. Skills matter but psychology has a much bigger role to play than we can even imagine.
One major learning from the video, Get into the trade accepting the fact it will be a loser and accordingly decide beforehand how-much.
Its a random event that will either kill it or propel it so why even stress ourselves when it gets killed. Accepting beforehand that it will be killed will help us to be in the frame of mind where we will carry little less stress and once this becomes a habit; trading will be a stress-free activity like say brushing our teeth.
Will discuss today's trade in next post.
Best of luck to me. I am losing so why bother. IF I win so why bother.
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