The "Win Win" Mindset
Good Morning Dynamic Traders!
Many view "trading" as a game in which there is a clear loser and a clear winner.
Your analysis is either "right" or "wrong". The "right" reaping a profit and the "wrong" incurring a loss.
I believe that successful traders see only one option. Having the ability to gather consistent profits and gracefully accept nominal losses, regardless of a market betrayal, puts them in a "win win" position each and every time.
These winners will have planned a suitable entry point, calculated a minimal loss, and foreseen a potential profit - all BEFORE pulling the trigger. The result is evident! A well deserved reward or if the market jilts the analysis, either the trade is not triggered,or a small loss is accepted.
Create your own personal "win win" trading plan today!
Below is the 4 hour chart for the GBPUSD.
This pair rallied beautifully yesterday and early this morning to produce a very healthy harvest! (BLOG 29 OCT)
Recognise - the crop is only secure when gathered in a timely manner.
Dynamic traders should be managing their rewards carefully to ensure profits are protected.
Remaining positions should now be risk free exposing another "win win" scenario.
I will be guarding this pair in anticipation of a further rally towards the figure.
The market will undoubtedly tell it's own story.
A "winning" day to you!