In the life as in commerce, there are many paradoxes.
Some things are obvious, others are not.
With experience comes awareness, and we begin to see what we have not seen before.
Understanding the fundamental principles will help you move forward correctly.
Paradox #1: The more you need money, the more time you won’t have it.
Everyone who came to trade needs money.
Often a new trader is a person who has recently lost their job and is now hoping to earn it through trading.
Here they will be disappointed. After all, trading is a very risky activity, and if you don’t already have knowledge and experience, the risks are skyrocketing.
When you desperately need money, their thoughts and actions are driven by emotions, not logic. And your trade is doomed.
As the saying goes, “if you can’t afford to lose, then you can’t afford to win.”
The more you strive to profit from trading, the more it will elude you.
If you came to the market because you really need money, your brain is already primed for emotional mistakes. This is a bad attitude, which only leads to great losses.
Paradox #2: The more mistakes you make, the more likely you are to succeed
Mistakes are good! If you don’t forget to learn from them.
If you lost everything and still did not give up, you came closer to victory.
This is a very important point, most of them give up here, and the best ones continue to work.
No matter what anyone tells you, the most important thing in trading is practice.
nothing in this life teaches better than good old practice.
Real trading will immediately show all the flaws of the previous trading system, flaws in your brain.
This is the best teacher, but don’t forget to listen to him.
Make a mistake, write it down and don’t repeat it again. Solve it and continue trading more. I promise you will learn much more from this experience than from any trading seminar from the “guru” of trading.
Make enough mistakes (and learn from them) and you’ll start making money. It’s very simple.
Paradox #3: The more convinced you are that you are right, the less likely you are to have correct knowledge.
“One of the problems in our world is that smart people are full of self-doubt and stupid people are full of self-confidence” -Charles Bukowski.
Some people may say that trading is not a science or economics.
Unlike the physical sciences, financial markets simply have too many unknowns to have a high degree of confidence in the accuracy of future price forecasts.
To send a rocket to Mars, it is enough that we understand the laws of physics accurately, but we cannot predict tomorrow’s market prices with nearly the same degree of accuracy.
This is because we can trust the laws of physics that remain unchanged, but we cannot trust the very thoughts, moods, and actions of people that essentially drive the markets.
The best retail traders understand that no matter how thorough their analysis is, there is still a lot they don’t and can’t know about the market.
Therefore, when they get “lucky”, they use trading methods that increase their profits, and when they are “unlucky”, they use trading methods that limit their losses.
In commerce, as in life trust is nothing but an illusion.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I’ll be happy