There’s a reason that experienced traders like myself can consistently grow accounts, year-on-year.
It’s nothing to do with luck or the time we spend trading each day.
It all comes down to following specific processes and systems.
For me personally, I have a very specific process that I follow which I developed in my early days of trading on Wall Street.
This has become a seamless process that automatically happens when I’m identifying a winning trade.
Because being able to analyse the charts, and pick ‘good setups’ is one thing, but actually executing a winning trade is something completely different.
It takes total confidence in the decision. It means that you have to be 110% sure that this currency pair is the ONE.
And that is the difference between the winners and the losers in this game.
Everything you’ve ever learned as a trader comes down to picking the right trade, at the right time. And after spending 23 years on Wall Street I had to refine exactly how I pick a winning trade.
I could analyse the charts until my face turned blue, but at the end of the day I had to pick one or two trades out of a possible 20.
Every. Single. Day.
Newbies underestimate the kind of pressure that comes with that. I can’t dance around or ask for advice. I need to be 110% sure that I am right.
If the trade goes against me, I can rest assured that I picked the best trade possible. I need to know that if I only win 36% of my trades in any given month… that I am happy with my decision.