
THE PATH TO SUCCESS IN TRADING
No matter how excellent your strategy is, it is difficult to succeed in trading.
What we need is a "system with an edge" and "consistency."
Short-term results are heavily influenced by randomness, but if you execute a pre-tested system with an edge (strategy) over a large number of trades, the law of large numbers works on the entire sample size, bringing out the system's edge.
In the trading world, this is called "probabilistic thinking in trading," but what is crucial here are the "system with an edge" and "consistency" mentioned above.
"Consistency" is simply following the rules at all times. It's very straightforward, but simple does not mean easy.
All of us traders start trading to make money, so we have the belief from the beginning that "winning is good" and "losing is bad."
Due to this belief, even if we have predetermined rules, the erroneous belief in the value of short-term wins and losses causes us to instinctively and strongly avoid losses, leading to the inability to adhere to rules and maintain consistency.
In the trading world, it is often said that "emotional control is important," but as long as the belief in the value of winning and losing exists, you will constantly label the immediate outcomes as "good" or "bad," automatically generating corresponding emotions and suffering.
To fundamentally resolve this, it is essential to shift from the game of winning and losing to the game of probabilities through a deep understanding of trading and probabilistic thinking, and to establish a thought process that is not swayed by short-term results.
This book is not about specific strategies but about explaining these mindsets and approaches as a trader.
The trading journey is a "journey to consistency."
Creating a strategy with an edge is the first hurdle, and the real trading journey begins with consistently using that strategy.
Consistency is not just a decision; it is a bona fide skill.
Your understanding as a trader, necessary preparation, and whether you possess the qualities of a trader are tested by consistency.
To pass the consistency test during the trials of losing streaks and drawdowns, you need to demonstrate that you have the qualities of a trader through the skill of consistency.
I hope this book serves as a guide for your trading journey.
This book is an e-book.
For those who would like the paperback version (English only), please purchase it from this link.
https://a.co/d/4zOhDVI
Note:
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- This is a digital product, not a physical book.
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