T2W Bot

Staff member
A struggle many traders tend to have, and one that makes it hard to be a good trader, is overthinking. Whenever I teach, right off the bat I ask my students one simple question: Have you ever been emotional about money at some point in your life? Without doubt, every hand in the room is raised. Obviously, I already knew the answer; but I ask the question because most of us never think about this simple dynamic and its impact on our trading goals.
From a young age we have been taught that it is good to be right in work and in play, like our grades at school, during sports and in day to day business. The problem is, you take this attitude to the market and you will inevitably fail. You can be right nine times out of ten, take just one big loss and your account is down. The flip side is that with a good starting risk to reward ratio, you can be wrong more than right and still be profitable, a concept I’ve discussed in previous articles. This is tough for the newer trader to get their...

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