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July 16, 2024, 11:00:51 PM *
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1  Economy / Trading Discussion / Re: Why do many people fail in trade? on: July 11, 2024, 08:36:52 AM
 When you trade futures and other derivatives, you’re essentially betting on price movements. If the price moves in your favor, you win; if not, you lose. This isn't actual trading.
 In spot markets, you invest money and wait for the price to change so you can profit by closing your position. This, too, is not genuine trading. Both methods involve opening risk positions with a negative expectation side.
 In authentic trading, negative returns aren't a concern, barring extraordinary circumstances. Real trading involves purchasing goods on the global wholesale market and selling them in local markets. True traders are sales managers. I've seen this firsthand on the trading floor of a large oil company.
 So, instead of focusing on conventional trading concepts, it's crucial to understand risk taking, mathematics, and price action.
2  Economy / Trading Discussion / Re: This psychology hack helped me become a profitable trader on: July 11, 2024, 07:12:42 AM
Psychology alone won't make you profitable. Even if you've managed to hedge your risks and can now accept losses more comfortably, it’s a common practice and necessary to hedge your risks. However, this doesn’t mean your risks are working in your favor.






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