There is no standard approach to trading
Many novice traders think that there is a certain general formula in trading, using which it is possible to predict the movement of the market. In reality, there is no universal method that allows you to create a single model of markets, as patterns change frequently.
There are many methods and approaches, sometimes contradicting each other, which clearly demonstrate the inexhaustible possibilities of trading on the stock exchange. In other words, you can apply a huge number of methods to make good money. Choosing your own method is not as easy as it seems, but it is definitely worth looking for a way to trade "for yourself".
A potentially successful investor in order to conduct profitable trading must find his own style, which will be in harmony with his views on exchange earnings. A trading method that works successfully for one market participant can bring losses to another investor if he does not adapt the strategy to his own capabilities and ideas. For successful work, each market participant needs to develop their own earnings system, and not copy the achievements of others.
Trading must be carried out in full readiness for risks
A successful trader must be flexible and a good trader must be mobile. Often, if a large trade is open, the participants abruptly close it during sudden market swings in an unfavorable direction. In doing so, a lot of profit is lost. This is due to the investor's unpreparedness for possible risks.
Exchange trading is not so simple that its participant can constantly apply the same regularity, while receiving income. Markets are in constant flux, and a business that has been successful for a long time can stop working in an instant.
You must not confuse the concept of a profitable (loss) deal with the concept of a good (bad) deal
It is often possible to observe how good deals entail losses, while bad ones bring considerable income. Experienced traders know that any well-established and profitable working strategy is always accompanied by a certain number of losing trades, while it is not considered bad. But initially it is almost impossible to determine the profitability of the transaction.
If positions are opened in accordance with a well-established trading strategy, in which there is a positive mathematical expectation, then they are considered good. Moreover, the amount of income or loss does not play a role. This is due to the fact that trading with a positive mathematical expectation on a large time period is guaranteed to bring income.
In the case when positions are opened without a strategic approach, they will be considered bad for a large time period, regardless of the amount of income or loss, and as a result, they will bring losses.