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Author Topic: Profitable but still called bad trade.  (Read 1089 times)
Awaklara
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Today at 12:51:58 PM
 #101

As for the topic of trading, it's actually very broad, besides that we don't have to specialize just to be profitable here, because I've read that a simple understanding of trading
if you can get a profit from it is enough as long as you're not a greedy individual.

Unlike others who have a lot of knowledge in trading though I'm not saying it's bad, most of them are not profitable traders when it comes to actual trade
and yet they have extensive knowledge in terms of theory in trading.
I think greed is not a reason to say a trade is bad. You know the traders who really follow the process well, and the traders who make trades randomly? Those who trade with a good plan also do not necessarily profit. But the process of understanding the right strategy can help traders to get the right direction. A trader who enters randomly may make profits, but you will not find them lucky all the time.

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ColdLava40
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Today at 01:00:26 PM
 #102

From an objective standpoint read what this trader had to say base on his experience as a trader that has being trading for years just as you. With your own true experiences share your disagreement and agreement with about his idea
Many people believe that being profitable means you have to live some luxury Life or have expensive cars and houses.

The real profitability doesn't defines those lifestyle but is judged by how often you follow your rules. You can take a profitable trade but it's not a good trade why? Because that trade was taken out of luck not because you followed your trading plan.

A real trader will always try to follow their trading plan at all time no matter how terrible the market might be. So even if you take the trade and it hits profits if it didn't follow your plan, you risked too much it is considered a bad trade.

Something you cannot repeat over time is luck not trading.

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Today at 01:25:35 PM
 #103

As for the topic of trading, it's actually very broad, besides that we don't have to specialize just to be profitable here, because I've read that a simple understanding of trading
if you can get a profit from it is enough as long as you're not a greedy individual.

Unlike others who have a lot of knowledge in trading though I'm not saying it's bad, most of them are not profitable traders when it comes to actual trade
and yet they have extensive knowledge in terms of theory in trading.
I think greed is not a reason to say a trade is bad. You know the traders who really follow the process well, and the traders who make trades randomly? Those who trade with a good plan also do not necessarily profit. But the process of understanding the right strategy can help traders to get the right direction. A trader who enters randomly may make profits, but you will not find them lucky all the time.
Every trader has their own unique trading patterns and systems, yet they often become trapped by the very strategies they use to pursue profits. As you pointed out, even a seemingly sound plan does not guarantee success in fact, it can sometimes backfire. It is likely far better to focus on identifying the right moments and opportunities to trade, which may ultimately lead to more efficient results.

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