Process of Perfection in Trading

Process of Perfection in Trading

Focus on Process of Perfection in Trading

Trading is a black and white process in that you make money on a trade or you don’t. A losing trade is observed as a failure, something that is needed to be fixed, and a winning trade is viewed as a success. All traders want successes than failures, but trying to trade with this type of mentality can really lead to more failures.

Problem of Seeking Perfect Results

New traders know that they are unlikely to win all their trades. Any person can move in at any time with a big buy or sell order and send the price hurtling toward stop loss. We can’t be able to control that. That is part of trading. Losing trades happen. Many traders see losing trades as a problem that needs to be set. That isn’t necessarily the case. You will never have perfect results to make a lot of money.

Click on below video: How to start in forex

Aiming for perfect results is an unprofitable path, which is truly likely to make you over-analyze the market resulting in even poorer performance. Full-time traders focus on the process of perfection in trading.

Process of Perfection in Trading

Results are really out of our control to some extent. If we have a trading strategy we follow, we may know that over the last 100 trades we were profitable 60% win rate. That gives us evidence our trading strategy works, but we don’t know which trades will be successful and profitable before we take them. We know that we will win about 6 trades out of 10, but the market will choose which trades result in a win and which result in a loss, not by us.

We can’t control the outcome of every trade because if we could, we would want to win all the time. But that is not the case. What we can control is our process for buying and selling though.

Click on below video: How to Know Exactly Where to Buy and Sell

Your process is everything that goes into making a trade. It starts with what your trading strategy is, how you prepare for the day, how you specify your entry and exits, position sizing, how you manage the trades once in them and how you analyze the market to identify your entry and exits.

Click on below Video: How To Analyze Forex Market Conditions

Your process is a daily routine as well as a routine on each trade. Every trader’s process is different, but successful traders have one.

Focusing on your process or method keeps you focused on the things you can control. Such as deciding whether market conditions look favourable for a trade, and then executing that trade correctly, according to the trading plan, from start to end. The result doesn’t matter if the trade was executed perfectly, consider that a success.​

A trade performed poor that results in a win should be seen as a failure, regardless of the result, because such issue can result in poor habits which will result in poor or inconsistent performance in the future.

A trade executed well that results in a loss are still a good trade. You are building good habits.

As discussed earlier, we may have a good plan of how many trades we will win out of 10 or 100, but we don’t identify which trades will be winners or losers when we take them.

Let’s move on individual trade results; they don’t matter. If you focus on a solid process for trading, then results will come.

Whether you want to learn how to trade simply start with developing a process. It’s what you can control. Results are beyond control, but by constantly making sure we are following our process, actual results begin to occur naturally. Positive results come from continually focusing on a process of perfection in trading that works.

Leave a Reply

Your email address will not be published. Required fields are marked *

PLATINUM GENERATION  X

THE SCIENCE OF MAKING MONEY WITH CONSISTENCY