As a trader, you are dealing with the unknown every day; you have to accept the randomness of your results and you have no control over the way price moves – no matter how hard you try. Additionally, many traders think its “unfair” when you are up against the large hedge funds, billion dollar banks and sophisticated prop firms.
But are you really that helpless? Is the advantage that those established market participants have so huge that retail traders have no chance in this business?
The following 5 points attribute to your trading edge significantly and by fully understanding what they mean, you can potentially make better trading decisions. As a trader, you have to be in control at all times, take full responsibility and act on your ideas with confidence.
The things that are in your control
#1 When you trade
This is the greatest advantage retail traders have; you don’t have to do