People who can't win with FX trade every day. The reason I tell you not to do it every day

When you start FX, you will begin to look at charts every day.

You wake up and look at them.

You look during work breaks.

You come home and look.

You even look before bed.

When you open the chart, the price is always moving.

It goes up. It goes down. It was calm just a moment before, but then it starts moving suddenly.

Then, strangely, you think, “Today I feel like I can do something.”

Since you’ve gone to the trouble of opening the chart, you want to trade at least once.

Yesterday you did nothing, so today you want to seize a opportunity.

This month hasn’t yielded much profit yet, so you want to win soon.

But I think there’s a first trap here.

Do you really need to trade every day?

The market moves almost every weekday.

But,

“that the market is open,”

“what you should trade today”

are completely separate matters.

Just because a convenience store is open 24 hours doesn’t mean you need to shop 24 hours.

Just because there are waves in the sea doesn’t mean you have to surf every day.

If the waves are too rough, you don’t enter.

If a wave doesn’t suit you, you return.

FX should be the same in that regard.

The market is moving.

That alone isn’t a reason for you to participate.

By the way, the title of this article is a bit stronger.

It is not saying, in a statistical sense, that “the more you trade daily, the more you will lose.”

What I mean to say is,

“It’s better not to assume from the start that you will participate every day.”

That difference is quite significant.

“The moment you think about up or down, you’re already in a trap”

When you start FX, you think the moment you open the chart.

Will it go up?

Will it go down?

Will you buy?

Will you sell?

But this way of thinking has one flaw from the start.

Doing nothing.

Actually,

buy.

sell.

do nothing.

It should be these three options.

However, the moment you start thinking about up or down, in your head trading has already become the premise.

If you think it will rise, you buy.

If you think it will fall, you sell.

It feels like you must choose one of them.

But the market is not a test.

You don’t need to write an answer every day.

If you don’t know, it’s fine to leave it blank.

You looked at the chart for 30 minutes.

I don’t really understand.

But you’ve spent 30 minutes anyway.

Closing without doing anything would be a waste.

Then you look for another hour.

It has risen a little.

“Maybe it’s going up after all.”

you think.

But did you really understand the market?

Or did you just want to come up with an answer because you watched for a long time?

I think this difference is quite large.

In FX, seeing, thinking, using time, and feeling compelled to do something easily leads to a stream of, “I must do something.”

But in principle it should be the opposite.

See.

Not understand.

Therefore do nothing.

And that ends it.

The scariest thing is when you decide in advance, “I will trade today,” and then start looking for a reason to trade.

Because today is a day off.

Because you did nothing yesterday.

Because profits are still small this month.

Because you’re looking at the chart anyway.

These are not related to the market.

Before you think about what to buy today, just once consider,

“Do I really need to trade today?”

Just thinking about this alone changes how FX looks.

Profits you didn’t take are not losses

Yesterday, the USD/JPY moved a lot.

When you look at the chart later,

you think, “If I had bought here, I could have profited.”

When you open SNS,

“I made 100,000 yen just today”

“I captured all of this rise.”

Posts like that come flowing in.

Then, even though you did nothing, you feel as if you lost something.

This is troublesome.

But if you calmly think about it,

you didn’t make that trade.

Your account balance didn’t decrease.

In other words, you haven’t lost anything.

The profit you could have earned and the money you actually lost are two different things.

Even if the market moves a lot on a day you didn’t trade, if your assets aren’t decreasing, you didn’t lose in that market at least.

However in FX,

“I didn’t take it,”

to

“I lost.”

Yesterday I didn’t take it.

So today I want to take it.

I missed the morning rise.

Therefore I absolutely want to enter the next move.

Others are winning.

I feel left behind.

Thus, even scenes where you would have otherwise passed begin to look like “opportunities.”

But you don’t need to take all the moves in the market.

Moreover, you cannot take all of them.

You missed yesterday’s rise.

That’s fine.

You missed today’s sharp drop as well.

That’s fine.

If tomorrow’s big move doesn’t suit you, you can skip it.

The missed profit is not a debt.

There’s no need to repay it later.

I think this is quite important.

When you look at SNS, every day someone is winning.

Today it’s person A.

Tomorrow it’s person B.

The day after that it’s person C.

When you put it all together,

you get the impression, “Everyone is winning every day.”

But you don’t have to participate every day yourself.

Just because others won today doesn’t mean you should trade today.

What matters is not,

“Is someone earning now?”

but

“Is there a reason I want to participate in the current market?”

If there’s no reason, do nothing.

That’s fine.

What I’ve confirmed up to here is fairly simple.

The market being open and whether you should participate are separate. There is “doing nothing” besides buy and sell. And profits you didn’t take are not losses.

In other words, you don’t need to seek opportunities every day.

But what’s truly interesting starts here.

From here on, we will think about: ① how to create “no-trade conditions” before entry criteria, ② why reducing trade frequency has meaning beyond just a mental exercise, ③ looking at actual data to see whether “experience leads to winning,” ④ how to use news to rest instead of predict, ⑤ why even long-time winners have an end, and ⑥ how to know when to walk away while you’re winning.

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