Why do really successful traders never share their methods or strategies?
Which is of greater significance and simplicity for you: a High Risk-Reward Ratio (RR) or a High Win Rate?
For me, achieving a high Risk-Reward Ratio takes a considerable amount of time and necessitates a lot of patience. It's led to instances where I've experienced substantial losses. This has led me to contemplate whether lowering my RR might result in a significantly improved win rate. What's your experience with this? I'm curious to hear your thoughts.Looking forward to your responses! 🙏🏼
Why do successful traders not advise others to trade?
"What's your morning routine like?
My morning routine is really important to me. I feel much calmer when I follow it compared to just waking up and going straight to work.Here's what I do:- From 7 to 7:30 AM, I wake up, tidy up my place a bit.- At 8 AM, I take a shower and get ready.- Around 8:15 AM, I read my positive affirmations and gratitude list.- Then, at 8:30 AM, I check the stock market and make a plan for the day.- At 9 AM, I meditate for 10-20 minutes.- By 9:30 AM, I start trading.How about your morning routine?"
How do you maintain your concentration while trading?
How do you maintain your concentration while trading? How do you avoid getting bored or experiencing burnout from constantly monitoring the charts, all while staying attentive to your trading activities?In my case, the struggle arises from excessive chart-watching, leading to boredom during quiet market moments or fatigue from over-attentiveness. There are times when the perfect trading setup emerges, but I'm either too tired or not mentally prepared to take action.Do any of you engage in activities like watching TV or listening to music to help? Any advice to share?