🚫📉 Avoid the Passive Trading Trap! Learn How to Maximize Profits 📈💰

[@ukspreadbetting]

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[@despatrick5602]

To reduce your trade quantity to take only the best setups, you first need to define exactly what qualifies a a best setup. You then need to know whether these give you any extra probability of success. For various reasons these things are not easy to do at all. And that is precisely why it is so hard from being an ok trader to an excellent trading that is able to live off the profits. Being an ok trader is not that hard, but improving gets exponentially harder

[@boris9047]

Well, you need to test it with a sufficient sample size of trades, only then you'll know what is and what is not a higher probability set up.

[@theblockcat-ain1572]

So pretty much stay out until you see a strong trend then go Hercules.

[@mytz-m7d]

Spreading your risk across many trades is such a complete waste of time, energy and money. It's very exhausting assuming one is really doing the appropriate preps needed. It definitely makes a lot of sense when you devote your full focus on quality trades because I can never emphasize enough the effects of exhaustion in the psychology of succeeding trades. I'd rather place my risk in a single but well thought out trade.

[@aceace5865]

I've been contemplating whether trading less, for instance once a day, is of any benefit and the conclusion I've reached is that it should have a positive impact on your trading. Reason being you're going to choose the best setup that day and save yourself mental capital. My previous train of thought was the more I trade my edge during the day the more I will make which I found not to be true. Quality over quantity.

[@boris9047]

But in the beginning of a trading career more screen time = more experience so it's only good.

[@rcmast3rtract0rking]

I’m playing with the demo 10k at the moment and I don’t have a lot of money and I see myself as a “if it’s blue, it’ll do” trader, this all makes sense and I’ll give it a go as I’m very new to all this. Your videos are a real help thank you

[@DavidSkerritt]

Great video Mark! I use to take lots of small trades in the earlier years 8-11 a day. I agree. These days I trade less with bigger size. It gets easier with the more screen time one has to recognize those slam dunk (80%+ probability) trades vs. the more marginal ones and that makes sizing up on those easier. Its actually less stressful trading.

[@videshpa]

I observed the same thing with my trading .. For example, if I wanted to USD vs AUD, JPY , i'd split my risk, then per pair, I'd further split my risk into 3 attempts.. nowadays i just take 1 attempt per pair with a wide stop and it amounts to the same thing even though the R:R is lower

[@Plumbermark]

Day trading doesn't work. Using the daily charts....Yes, but to expect to profit as a day trader with silly 20 pip stops is ridiculous, it's death by a thousand cuts syndrome...I don't put trades on sometimes for weeks, I wait for a quality screaming in your face opportunity and hit the button, with stops of 200 or more pips sometimes, that trade can then sit there for 5/10/20 days before it comes to fruition.

[@bulltraderpt]

75.5% of retail investors lose money.

[@boris9047]

About 10-15 years ago it was 95% so people are learning how to do it.

[@enochkapapa1946]

kkkkkkk.......why not combine the good trades and the bad trades since even the so-called bad trades still have a positive estimated value. it's like let's sell candies and cars at the same time since it's difficult to find customers to buy cars, we sell candies as we are waiting for someone to buy a car and who knows the small profits, that we make from selling candies may add up to make the same amount of profit we make from selling one car. we all have opinions, but it is not logical to skip a trade when you know the trade has a positive estimated value just because you want to wait for a trade with a much higher positive estimated value. Since all of them have a positive expectancy, I would rather take both than skip one because it's obvious you will make more by taking both. Adios

[@boris9047]

The profit will be higher if you spend all the risk on god trades, and the time spent working will also be less. It's a win-win. The only negative thing is that you have to wait longer before placing a trade because it will take more time for the right setup to appear.

[@hurmuzainol]

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