Consistent trading

in LeoFinance4 days ago (edited)

There is no Holy Grail. Switching from one strategy to another only makes you lose money. What's important is to choose one, analyze market data (and not just "pretty drawings"), refine it, and stick to it. That is where you will begin to find profitability.

When traders talk about consistency, they mean they would like to achieve stable, regular profits in their trades, week after week, without large losses or sharp drawdowns.

And of course, who wouldn't want that? But consistency doesn't simply mean that.

The problem isn't that you want to be consistent; it would be great to be able to improve your account's growth. The real problem lies in how you approach your trading: often, what you do does not align with what you want to achieve.

The average trader generally lacks a robust system or a set of defined rules. In many cases, they have no rules at all. They trade randomly, get carried away by emotions, make impulsive mistakes, take on excessive risk, and change their strategy or system every week…

Clearly, this path is far from leading to consistency. The worst part is that if you don't trade with a defined structure and constantly change your method, it will be impossible for you to improve, because you won't be able to identify where you are failing.

This is why, among other things, being consistent in trading implies keeping a rigorous record of your activity. You cannot improve what you don't measure. How many days, weeks, or months of ups and downs have you had? Are you taking the appropriate risk? What type of trades generate better returns for you?

Focus on developing this consistency long before increasing the risk. Your most consistent and successful trades will reflect your greatest strengths, both personal and professional.

In essence, being a consistent trader means striving to better and more consistently access the best of yourself.

● Image created with Canva IA.

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