TRADING PSYCHOLOGY - ONE THING IN COMMON SUCCESSFUL TRADERS

Hello everyone, last trading of the week.

I want to share my experience with different traders I've meet.
I'm very fortunate to meet them, no personally but thru podcast, e-books, forums and google.

I believe to become successful in anything, look for someone who have done it successfully.

So in search for them, I found it easy via internet. I think we are so blessed today since technology makes our life easier, and I use it to my benefit, I use it for being productive.

So back to our topic, successful trader have one thing in common. I thought in my search and following successful traders, they will share what is the holy grail system they are using. But no, none of them discuss more on what system they are using. Some of them share it but not exactly tell you want indicators they use, or how they plot or read the graph. NONE OF  THEM.

But they talked much on psychology. They talked much on emotional side.
That thing came to my conclusion, and this STOP me in searching for holy grail system, or searching for a perfect EA robot that will make me profitable.

They win and loss and accept everything as part of the business. I remember Akil Stokes of Tradeempowered he shared his equity curve for a year, and you can see on the graph that in the first quarter they are winning and the graph is going up. But after that you can see a drawdown in the middle, and after that the equity looks like flat. For 3 to 4 months the graph is moving sideways.

I tell to my self, this people don't care if their equity is moving sideways after a months, then after that the equity curve skyrocket until the end of the year.

What this tell me that, they stick to the plan, they boringly execute the plan, as in BORINGLY because they follow their rules, they trade their plan, and they just keep on rolling even they have drawdowns and sideways equity until the equity goes upward until the end of the year.

THEY STICK TO WHAT THEY ARE DOING
THEY STICK TO THE SYSTEM THAT THEY HAVE BACKTESTED.

It's all about the many trades that they have and history of doing the same thing again and again unemotionally.

This is how successful traders do it. They have confidence in the system, they know there are times that losing is part of it because they saw it happened before, but in the end their winners give them an edge.

ONE SYSTEM-BACKTESTED
FORWARD TESTED
SHOW GOOD RESULTS IN LIVE ACCOUNT

After realizing all this thing, I was able to develop my own system, and I see a huge difference in results.

I will never chase for any holygrail system again. Being profitable trader is boring, because I have to follow my rules again and again.

"IT IS BETTER TO BE BORING AND RICH, THAN EXCITING BUT POOR"
-Jason Stapleton of TRADEEMPOWERED