FX is a game of accumulating expected value
“I absolutely want to win today.”
“I want to make up for yesterday's loss.”
“I want to increase my profits even more.”
If you trade, haven’t you felt like this at least once?
However, the stronger this feeling becomes, the more your judgments become unstable.You enter where you should pass, hesitate to cut losses, and raise the lot size trying to recover losses.The problem is that your emotions, not the market, become the basis for your decisions.
not the single win in front of you, but the ability to keep following the same rules.
Even if you lose, if you entered in a justifiable place and could cut losses at the decided level, there’s no need to consider that trade a failure.
Conversely, even if you happened to gain from an entry without justification, turning that into a success story will distort your next judgment.
Once you understand this difference, what you should look at changes.
What becomes important then is,the concept of“expected value.”