Hi Everybody,
Yesterday was a great example to show the different attitudes between an Amateur and a Professional Trader. If you look at the 3min NQ chart, we had 4 trades yesterday, 2 winners and two losers. The Amateur would complain that this was only a 50% hit rate and they wanted higher. They would also see that Profits were taken on the last DP sell early and then they would also complain that they missed the biggest move of the day. So basically, they would just moan and complain about everything..........
BUT, the Professional would just look at what is important – the money. They would look and say that they made +4.8R (+4.7 -1, -1 + 2.1) on the day. They would know that this followed on form a +9.9R Day the day before, so would be very happy that they had made +14.6R Profit over two days. At 2% per R, that was approx 29% return in just two days. As a Professional, they would know that was fantastic trading, and as such they would be very very happy....
So do you see the difference. The Amateur lives in “what if” and “what could be” land, whereas, the Professional lives in the “real world” and just looks at what is important, the money made over a period of time. That is what is important, not the number of profitable trades, or what the market did, but what the trader actually ended up making...............
This is where MTPredictor will help you, as it keeps the losses small, which allows your Profits to be larger, which should then give you the edge, over time, you need in your trading....
Thanks, Steve
Yesterday was a great example to show the different attitudes between an Amateur and a Professional Trader. If you look at the 3min NQ chart, we had 4 trades yesterday, 2 winners and two losers. The Amateur would complain that this was only a 50% hit rate and they wanted higher. They would also see that Profits were taken on the last DP sell early and then they would also complain that they missed the biggest move of the day. So basically, they would just moan and complain about everything..........
BUT, the Professional would just look at what is important – the money. They would look and say that they made +4.8R (+4.7 -1, -1 + 2.1) on the day. They would know that this followed on form a +9.9R Day the day before, so would be very happy that they had made +14.6R Profit over two days. At 2% per R, that was approx 29% return in just two days. As a Professional, they would know that was fantastic trading, and as such they would be very very happy....
So do you see the difference. The Amateur lives in “what if” and “what could be” land, whereas, the Professional lives in the “real world” and just looks at what is important, the money made over a period of time. That is what is important, not the number of profitable trades, or what the market did, but what the trader actually ended up making...............
This is where MTPredictor will help you, as it keeps the losses small, which allows your Profits to be larger, which should then give you the edge, over time, you need in your trading....
Thanks, Steve
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