Really have the best trade tool? There really is a good trader who never loses money?
I believe there are good traders who do not lose money before they make money. BUt the best trading tool is not.
The skills that make a good trader are not tools. That is... :
1. Discipline: They always follow an absolute discipline. They do not fomo according to the market. They always avoid losing money before getting the money. They know stoploss and take profit at the right time. 5-10% is their discipline number. For a good trader, the biggest discipline is greed. Never greed
2.Psychology: They will not be affected by market sentiment. They have patience. They did not rush into the order. When all the tools announce a good signal. they will enter the market.
3.Understand the market: They never fully trust the market. They always know the trick and be wary of the market. The most important thing for a good trader is not to believe in the future of the market. They only trust themselves.
Do you even understand what are you talking about ?
First here;
I believe there are good traders who do not lose money before they make money
There are no human can avoid it,even if you are an 'expert' in trading you won't change the fact that you are still a human.So,they are always losing it but it's not that much compared to the newbie,'always' is not a good word to describe it.Because sometimes they are losing their money first before making a profit from it.
Second here;
They always avoid losing money before getting the money. They know stoploss and take profit at the right time
Again,do you understand the meaning behind 'stoploss' ? let's describe it briefly,
stop-loss comes from stop+loss.
that means stopping your position and avoid more losses,that means you are LOSING it.