As a trader in the financial market, do you often feel that you will be robbed by some invisible "forces" in the market?
In fact, when we start getting into trading, we are all prey to the market and you get into a world of "predators" trying to take money from you, what we might call professionals.
There will always be one person at the poker table who will eventually get all the chips; similarly, in this world, only one percent of the people will become the ones who own the capital, and they will become the predators in the market By.
But as an ordinary trader, by developing the right mindset and planning, you can also transform yourself from prey to predator and grab your own share of the "chips".
Predators and prey at the market
Professional traders have been funding novice traders for as long as trading has been around. So if that's the case, how can you take advantage of the opportunity? Will you have any chance?
Because they have money, they can make various attempts in the market, but you have to be cautious about every transaction you make. In other words, as soon as you have one greedy overtrade, you're going to undo all the hard work you've put in the previous few weeks.
Each of us has the ability to be either predator or prey in the marketplace, and if we let ourselves, we can slide back and forth between these two states.
For example, do you want to know how to compete with billion dollar hedge funds and traders with more experience, time, and money in the market?
Hedge funds feel broken sometimes because they sometimes have bad traders. The key is that you have to deal with every last transaction, otherwise, you are likely to become the prey of the market.
Being a predator in the market doesn't have to be the hard part, the hard part is being able to catch prey for a long period of time in the market.
The predator, or we say the professional trader, has long since realized that the key to winning in trading is to do the opposite of what he started losing when he started losing, and keep trying to win from those who are uninformed, naive and Forced traders to take money there, just like before.
So, how do you get money from your counterparty? The answer is that they have been PKing with them in a reverse way.
Learn from the pitfalls you've been through
To be a predator of the market, you have to learn your mistakes fast. If you make mistakes over and over again, then you are not really suitable for this market.
For example, if your stop loss keeps getting hit, even if you have the patience to wait for the price to signal a good move, there is a good chance that your stop loss will be too close to your entry.
The solution is to relax a bit. You probably don't want to do this because it means you have to reduce your trading lot size. But is this the right approach, is it to make money, or stick to your own ideas? I choose the former.
Another example of learning from mistakes is the timing of trade entries. Every time you enter the market, it seems that the market always goes the opposite of what you expect? If so, you may want to consider another way of entry.
Is it set to enter, or random access? Did you miss out because you were chasing deals too much? If so, you need to fix the bug fast, or you'll just fall prey to the market.
What trading strategy do you use? Have you been stuck in a market breakout? Maybe you should stay away from the market in moderation? If what you are doing is not working and you keep losing money, then please stay away from trading for a while.
prey is fragile
Prey is fragile and to change that you need a good strategy, good risk management and trading plan, these things will make you the king of your trading field. Without them, your defenses will drop.
As the saying goes "a good defense is the best offense". Having a plan of action and protecting your money is critical to surviving and thriving in the market.
The best way to defend yourself in trading is through capital preservation and prepare by mastering your trading strategy, developing a trading plan and risk management.
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