Surrender your Fate to the Markets
In my experience,
most traders are too focused on individual trade results.
Individual trade results do not
matter (provided of course they do not violate your trade, session or longer
timeframe drawdown limits).
You need to expand your focus
beyond the individual win or loss. Once you've proven your strategy in a sim
environment, the only way you'll be able to identify the live environment psych,
risk acceptance or execution issues that need addressing, is through trading
your strategy for a sequence of trades. And then reviewing that sequence
in-depth to find your strength and weaknesses; to find those elements which
contribute to greater profits; and those which damage your overall P&L.
So stop hesitating. Pre-accept
your risk and take your trades for a full week or 20 trade sample (or however
else you wish to define your sequence length). Surrender your fate to the
markets. And look at your results in-depth on achievement of your complete
sample size.
Don't hesitate!
Enter... and surrender your fate to the markets!
(The following examples are not a sufficient number of trades to constitute a
complete sample size, but are included as an example of the mindset related to
individual trade results. Win, lose or breakeven... we accept the result and
move on!)
Lance Beggs