Why is it that some of the people are successful in trading the markets? And why is it some individuals fail? Is it luck that establishes if you're successful or not in earning money from the market? Is it the system or technique a person use which establishes their achievement?
A lot would say that it is the system or strategy that they employ which ultimately determines if they come out winning from the market.
Every system that exists on the internet will show you how to make money using it. Without a doubt, it will make money for you. The question is usually how much money will the system make for you. All the system that out there will show to you how their system has work base on historical data or activity and then at the bottom of the page there would be a disclaimer clause that states '.. Historical data does not determine or guarantee future earnings....'
So why is it that these sites or page include this disclaimer clause?
The disclaimer clause is incorporated in it because they know that there are certain elements which they can not control. Human emotions.Human emotions are always the key to either success or failure in any business. And it is no difference when trading the markets. Read all the books about trading that you want, buy all the successful system that you want. If you can't control your emotions, you can't succeed in the markets.
That is the cause of the disclaimers clause as the one thing the writer can not control is their customers or purchasers feelings. In the market there are but just two main feelings that each trader will experience ; fear and greed.
When this emotion appears it isn't how we eliminate it but instead how we take action on it. There are natural feelings that cannot be eliminated. This feelings forces us to action, so how we take action on it will establish the outcome. Like outrage, when we are indignant at somebody, it's either we are saying something evil or we are able to just kick a bucket or we will just dive into a pool of water. Which ever action that we take, it makes a different end result or result. All too commonly when we start to see 2 - 3 sequential loses on our trading activities, we might start to have doubt. When this occurs we are at the state of fear, we fear losing more of our cash and therefore start to doubt the system is working. While no system is unconditional, meaning no system will ensure that you'll make money all of the time. The system seller would say that we might be well placed to make cash constantly, provided we follow their system to the dot.
On the other hand, when we begin to see two or three consecutive we begin to feel on top of the world. We begin to feel that we can start making good money from the market and then start tweaking the system or maybe putting more money in the market to leverage our earnings or maybe begin to take on more positions, which ultimately make us deviate from the system which we were using. This is when greed has already stepped in to rule our thoughts. There is saying 'The system is only as good as the person using it'.
So if we don't follow the system either with we are making loses or when we are creating profits. We would ultimately fail. And to follow the system requires discipline. The discipline to act on our fear and greed when it sets in, will determine how well we do in the market. Once again discipline is the key. We must have the discipline to say 'I have reached my target. I should take profits now even though it may go higher' when greed sets in. And when fear sets in one should say 'I have to take a position even though the market does not seem to be moving in my favor' While these are but two circumstances when greed and fears arises, there are, and will be many instances when we need to make a decision to either enter or exit the market. And these are very two most important decisions to take in order to succeed in the markets. The discipline to follow the system diligently no matter what happens to the market.
So regardless of how good the system is, the sole and sure way is to lasting fulfillment in the market rely on the self-control to overcome our private emotional to follow a selected system evangelistically.
A lot would say that it is the system or strategy that they employ which ultimately determines if they come out winning from the market.
Every system that exists on the internet will show you how to make money using it. Without a doubt, it will make money for you. The question is usually how much money will the system make for you. All the system that out there will show to you how their system has work base on historical data or activity and then at the bottom of the page there would be a disclaimer clause that states '.. Historical data does not determine or guarantee future earnings....'
So why is it that these sites or page include this disclaimer clause?
The disclaimer clause is incorporated in it because they know that there are certain elements which they can not control. Human emotions.Human emotions are always the key to either success or failure in any business. And it is no difference when trading the markets. Read all the books about trading that you want, buy all the successful system that you want. If you can't control your emotions, you can't succeed in the markets.
That is the cause of the disclaimers clause as the one thing the writer can not control is their customers or purchasers feelings. In the market there are but just two main feelings that each trader will experience ; fear and greed.
When this emotion appears it isn't how we eliminate it but instead how we take action on it. There are natural feelings that cannot be eliminated. This feelings forces us to action, so how we take action on it will establish the outcome. Like outrage, when we are indignant at somebody, it's either we are saying something evil or we are able to just kick a bucket or we will just dive into a pool of water. Which ever action that we take, it makes a different end result or result. All too commonly when we start to see 2 - 3 sequential loses on our trading activities, we might start to have doubt. When this occurs we are at the state of fear, we fear losing more of our cash and therefore start to doubt the system is working. While no system is unconditional, meaning no system will ensure that you'll make money all of the time. The system seller would say that we might be well placed to make cash constantly, provided we follow their system to the dot.
On the other hand, when we begin to see two or three consecutive we begin to feel on top of the world. We begin to feel that we can start making good money from the market and then start tweaking the system or maybe putting more money in the market to leverage our earnings or maybe begin to take on more positions, which ultimately make us deviate from the system which we were using. This is when greed has already stepped in to rule our thoughts. There is saying 'The system is only as good as the person using it'.
So if we don't follow the system either with we are making loses or when we are creating profits. We would ultimately fail. And to follow the system requires discipline. The discipline to act on our fear and greed when it sets in, will determine how well we do in the market. Once again discipline is the key. We must have the discipline to say 'I have reached my target. I should take profits now even though it may go higher' when greed sets in. And when fear sets in one should say 'I have to take a position even though the market does not seem to be moving in my favor' While these are but two circumstances when greed and fears arises, there are, and will be many instances when we need to make a decision to either enter or exit the market. And these are very two most important decisions to take in order to succeed in the markets. The discipline to follow the system diligently no matter what happens to the market.
So regardless of how good the system is, the sole and sure way is to lasting fulfillment in the market rely on the self-control to overcome our private emotional to follow a selected system evangelistically.
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