Over & Under Trading (Cybernetics)

[mgroupfx]

The success traders methods include mainly waiting and being patient and wait for the best opportunities

Over & under trading you may not realise you're doing it , not being aware in the heat of the moment.

1. The myth of of work = results
Generally in life more input = more output but in trading the market dictates how many high probability trades not you, if only 2-3 high probability trades occurs in a week then that's all you can take doesn't matter if you want 10+ opportunities

2. Not adjusting to market conditions
3. In a loss you recall positive outcomes
4. In profit you recall negative outcomes

 

[suxesshub]

The success traders methods include mainly waiting and being patient and wait for the best opportunities

Over & under trading you may not realise you're doing it , not being aware in the heat of the moment.

1. The myth of of work = results
Generally in life more input = more output but in trading the market dictates how many high probability trades not you, if only 2-3 high probability trades occurs in a week then that's all you can take doesn't matter if you want 10+ opportunities

2. Not adjusting to market conditions
3. In a loss you recall positive outcomes
4. In profit you recall negative outcomes

True. Well said.

 

[Fin_Trader]

When trading Forex, it is very important to be able to wait. What matters for success is not the number of transactions, but their quality. Therefore, we must be able to wait for all the conditions of our trading strategy in order to make a high-quality transaction and make money on it. And if someone wants to earn a lot and quickly and for this purpose he is constantly in the market and makes frequent and unconfirmed transactions, then he more often receives losses than he earns.