The more a trader is capable of winning, the more they value "doing nothing" time
Today, I will share what is truly important as you continue trading.
This is a story especially worth remembering for those who have just started FX.
That is,
“You don’t need to enter at every opportunity.”
It’s the point.
Rather, I think that
the technique to enter is less important than the technique to stay out
.
Let’s compare two traders
As an example of the above results,
there are Trader A and Trader B who are watching the same market.
Trader A
He entered each time a opportunity appeared in front of him.
The results were,
＋45,000 yen
−15,000 yen
−30,000 yen
＋60,000 yen
＋30,000 yen
−30,000 yen
6 trades, final profit +60,000 yen
Profit remains.
Now, what about Trader B?
B doesn’t enter at everything
“This one’s base is a little weak.”
“The direction isn’t clear.”
“This isn’t a place to force an entry.”
He passes on every place where he judged so.
The results are,
＋45,000 yen
−15,000 yen
Passed on
Passed on
＋30,000 yen
Passed on
In reality, he traded only 3 times.
Even so, the final profit was,
＋60,000 yen.
The same as A.
A traded 6 times, B traded 3 times, yet profits are the same
This is the main point I want to convey today
Trader A made +60,000 yen in 6 trades,
Trader B made +60,000 yen in 3 trades
They left the same profit.
But B has a big difference
he passed on places with a high chance of losing
which is the point.
“Not entering ≠ doing nothing”
When beginners start, they naturally want to enter as soon as they see a chart open.
Candles move a lot
Signs appear
GOLD begins to move with momentum
Then,
“I’m going to miss out!”
I think
I understand this very well.
But there’s something I want you to remember here
Passing on can be a legitimate trade
Trading isn’t only about pressing the entry button
Look at the market and
“Today the conditions aren’t right, so I’ll skip”
and judge accordingly.
This is also a skill a trader needs.
Instead of trying to win, reduce the places where you can lose
This is what I especially want to tell beginners.
If you desperately try to increase winning places, the number of entries will inevitably rise.
But try reversing the mindset
Instead of increasing winning places, decrease losing places.
Just this alone changes your trading.
Even if you have 10 opportunities,
you don’t have to enter all of them.
If in 10 attempts,
only 3 places meet your own conditions,
those 3 entries are enough.
If you can pass on the remaining 7, it isn’t “missing a chance.”
You didn’t take unnecessary risk
Think of it that way
“Waiting” isn’t doing nothing
There is a phrase I value in trading.
Wait.
It sounds simple, right?
But when you actually face a chart, it’s truly difficult.
That’s why,
being able to wait is itself a skill.
“Enter”
“Wait”
“Pass”
Have these three options available.
And
It isn’t that winning makes you great.
Even if the market later expands greatly, you passed on because your conditions weren’t met.
In that case, I believe
that judgment was correct
.
Finally, please remember this
When you start trading,
you often think, “Where should I buy?”
“Where should I sell?”
But there’s another question you should remember.
“Do I really need to enter here?”
Before entering, ask yourself once.
That moment may reduce unnecessary trades.
Being good at entering isn’t enough.
Be able to identify places not to enter
And,
learn to wait
This is an important step in growing as a trader
When you open a chart today,
don’t just look for “where to enter,”
look for “where to pass on today.”
View the market with that perspective.
The landscape of the market will look a little different.
Supplement
So how should you judge?
In response to this question,
A new work is coming soon,
quite
we are visualizing the world seen by professionals.
Frankly speaking
this will overturn common sense and be a weapon.
You will be able to verify the market’s answers, so look forward to it.
It’s almost ready, so next week I’ll share more details.
Prices will rise next month
Please hurry ⇩⇩⇩
