Vince Lombardi (Vince Lombardi) once said: ‘Winning – not everything, it’s only goal to which we should strive. ” This quote emphasizes the need for setting clearly defined goals and tireless work to achieve it. But overemphasis on win at any cost may be harmful, particularly in the troubled and changing world of trading. Winning, of course, important. If you lose too often, ultimately, your score is reset.
But it is vital that you look at the winnings to the proper perspective. The set of beginners, experienced success at first, later all give the market. This often occurs when traders are too arrogant. When combined minimum of experience and a great good luck they fly up to heaven, but because their gains are not secure support. And ultimately, they ‘will fly’. Perhaps at first to win and with little experience. Such premature success, however, produce a beginners mistake thinking. They think they already have the necessary skills and can focus only on keeping the winning statistics of transactions and the corresponding image.
But ultimately, uncontrollable need to win can lead to failure. On the one hand, the more the trader is focused on winning, the more pressure he will experience. Excessive stress can improve performance if the task is well-developed and relatively uncomplicated. But trading is not easy, but for a novice trader, this does not, whether he realizes it or not. For example, traders must trade setups filtered through their psychological traits, and under the influence stress perception will be distorted. Necessary to develop a calm and focused mind. But when the dominant one sense, the desire to win at any cost, this leads to anxiety, excitement and distraction. There statements athletes who can be attributed to trading: ‘It does not matter – you win or lose, it is important how you manage your game. ” With regard to trading, trading successfully – the question of constructing solid trading skills and consistent use of a clear plan. Trading – a question of profit from the likelihood, driving strategy many times, so that you have worked on the law of averages. A large number of perfectly executed transactions you exit at a profit. If you follow your plan by accident, you can not take advantage of probabilities. Statistics of your transactions will fluctuate sporadically, in line with your discipline. Winning is not so important as the consistency and commitment to the game plan. So, when you sell, remember that you ‘win’ even if loses, as long as follow his trading plan. The sequential implementation of the plan can not win in this transaction, but on a large number of transactions you will become a winner.