modekurti

Avoid constantly ‘hunting’ for trades. The reason is simple: the trades that are truly worth risking your money on, and that have the highest potential for significant returns, are usually so clear that you can't miss them. Don’t waste your time on low-probability trades that are hard to determine if they align with your trading strategy. The more you have to question whether a … [Read more...] about Let the Best Trades Come to You… By Not Chasing Them

The hard, cold reality of trading is that every trade has an uncertain outcome. – Mark Douglas The unpredictable nature of any trade makes it challenging to decide when to take profits. As humans, we have an inherent desire to control situations, and this includes the market. However, the market's unpredictability often clashes with this need for control, leading to … [Read more...] about The Mental Game of Setting Trade Profit Targets

Have you ever experienced hitting a big winning trade or a series of successful trades, only to lose all your profits—and perhaps even more—shortly afterward? Continue reading to uncover why traders often give back their profits and learn how to stop this cycle for good. The Psychology Behind Giving Back Profits While there are likely several reasons you keep losing your … [Read more...] about Why Traders Lose Profits After Winning Streaks

In Greek mythology, Pandora’s "box" was actually a large jar given to Pandora, the first woman on Earth. It contained all the evils of the world. When Pandora opened the jar, these evils escaped, leaving only "hope" inside once she managed to close it again. In the trading world, the phrase “open Pandora’s box” means taking an action that seems small or innocent but ends up … [Read more...] about Beware of the Trading Pandora’s Box

While trading is undoubtedly about making money, the dream is to achieve financial success, live our chosen lifestyle, and enjoy the freedom that trading brings. Nearly everyone enters trading with the ambition to improve their financial situation and lifestyle. These aspirations are entirely valid and achievable if you dedicate yourself to studying, honing your skills, and … [Read more...] about To Earn Big in Trading, Prioritize Mastery Over Money