PERFECT TIMING DOES MATTER...

Sharing is caring... that is always the idea of having this blog of my own as I want to store my experience, knowledge and skills somewhere in the cyberspace so that apart from myself, I could share it with anyone who wish to read and evaluate the quality of my writings.

Anyway, back to the above subject.

As I wrote before on my interesting journey in this trading world, the deeper I get into the market, the more fundamental and humble I become. Why?

Ok, to cut the story short, I have been focusing so much on sound money and risk management on how to grow my account safely but surely. The idea of risking 3% and below is indeed the best thing anyone could and should do to his/her account.

But... there is a problem with this. When you thought you have the discipline of doing the right things, you tend to believe that the market will somehow reward you for your patience and dilligence in trading by the rules.

The truth is, the market never cares.

They are ruthless and brutal. Whether you're there or not, it doesn't matter at all.

And if the game is named after mercy killing and heartless crucification of your account, can you play the game by the rules all the time? I personally believe the answer is definitely a BIG NO NO.

So how?

You got to take it seriously and focus on accuracy as well. Whether you risk 1 dollar, 100 dollars or a million dollar, all that matters is that you got your entry right and with precision. Get in and get out at the right time base on your own analysis, not others.

Being too rigid, too afraid or too greed does not help you in becoming profitable.

Surely you won't be able to capture 100% of the movement, as getting anywhere between 30% to 50% is already good enough. You just have to take your chances base on trading signals with of course, calculated risk.

My point is, in order for you to make money, you got to have a plan and get it right at least 60% of the time, depending on your risk/reward ratio. Whether you made a penny, a dollar or thousands of dollars, you are good as long as you don't lose your money.

But once your money starts flowing out to the market, you have to either stop and time out, or restudy your approach and entry strategies.

In conclusion, just get your entry right. When you're right, maximise your profit. Use both technical and discretionary approach for your exits.

But if you're wrong, don't blame the market. Just get out and stay out. Fighting and chasing the market will bring you nowhere but a confirm doom to your account.

Sooner or later, you will see that the market will come back to entice you to be in... Just stay tuned with them and take your chances accordingly to your analysis.

Good luck.