Reason why discretionary trading should be conducted with as specialized a trading strategy as possible
Discretionary trading is better when you use a specialized trading logic
This is because an all-purpose market logic tends to incur round-trip losses
This is very painful
The more you misread the market, the slower the rebound you’ll see
But a specialized trading strategy
is based on the idea of “doing only that one thing”
which means it’s mindless
In other words, it’s equivalent to being unresponsive to the market
When we reach the profit pattern we think is possible, we can “increase it”
If the moment we can increase it offsets the losses we’ve had so far and produces results
that’s what trading is
Discretionary trading
is often described as a good word, but
the discretionary trading that teaches you how to trade is too weak to prop up trades
For a momentum trading logic
In a range market you might think to take the opposite trade
“If you adopt opposite trades from the start, there’s a high likelihood of absolute losses
and if you enter a profitable pattern, it will just become a costly expense, a waste”
With a specialized logic, by continuing to specialize
you can enter the zone where the specialized profits work like a mechanism and “keep increasing”
This is true no matter what method you fundraise
There is meaning in continuing it
The more you apply filters
the reality is that profits actually decrease, existing in a coexistence
So if you want to make profits
you should “focus solely on specialized trading without thinking about anything else”
But this is limited to trades with a favorable profit margin
There are also high-profitability trades in contrarian strategies, but
if you cannot adapt to the market, you’ll incur a big loss immediately
Try to make the trend your ally as much as possible while
carrying out specialized trading to maximize the benefits of discretionary trading
※ For those who want to keep earning in FX, go this way ↓
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