How To Think Like A Winning Day Trader - by Martin Chandra

How To Think Like A Winning Day Trader - by Martin Chandra: "What makes the best traders successful? Are they 'lucky'? Have they discovered some 'secret' indicator? No. They've learned the truth about trading. Trading success is a simple as 1-2-3.

Step 1 - Understand what trading is really about;
Step 2 - Learn what a winning day trader does;
Step 3 - Then do it. Continually.

1. The Essence Of Successful Trading

Trading is all about percentages. You enter a trade because you believe that it's more likely to succeed than fail. The job of finding favourable trades goes to your trading system. There are numerous books and courses about trading systems. The actual trading system you use is beyond the scope of this article, but please, please, understand this: If you're searching for the perfect trading system - you know, the one that delivers profits on demand - you'll be searching until the end of time.

Successful trading is simply a game of probabilities. Does that disappoint you? Were you hoping for something a little more intellectual? Do you know how many academics - doctors and lawyers particularly - lose fortunes in the market each year? The positive bias comes from your trading system. Our advice is keep it simple. Find a system you're comfortable with. Know the setups. Understand why and when you enter and exit. Then stick to it.

Sure"