Kenny simply made $25000 in 3 days from the market !?


Very frequently, we heard of individuals making big amount of cash from the different financial markets, be it from stocks, options or futures and we want we can do the same.


It is undoubtedly a terrific idea but before you begin to immerse in the sea of creativity on how you can also make that cash and what you can do with the cash, simply pause and think of a couple of things you may have overlooked. It is certainly possible that a person makes a living from trading however that complete time trader is not relying on just one big trade. What every successful trader also think about are:


1. Trading Risk
How much did he need to run the risk of to make that cash? For Kenny, he might have risked 100k to make the 25k. So does that proposition make great sense to you? If I am to make any bet with you on a gaming table, and I offer you this odd, you will probably take your chips and walk away. So before you believe of the gains; think of the threats.


2. Trading Probability
A trader relies heavily on probability. And do note that probability ties firmly with your threats and gains. When you know the likelihood of success of any trade setup (obtained from checking your system), you can be sure that the laws of big numbers will play out eventually with time and your revenue projection will manifest like clockwork. That is how gambling establishment works too. The statistician working for the gambling establishment has currently computed the odds and hence mathematically be able to compute the expected gains from the game. How then does casino able to job revenues on games with random outcomes? In this light, you wish to play the house in trading, and not leave things to possibilities. Only when you deal with likelihood you can achieve consistency in trading.


3. Trading Gains
Would you like a trading course system that is only 33.3% accurate? Probably not. But IF you expect to get 3 dollars for every dollar ran the risk of, you will still stroll away with approximately $3 profit for every 10 video games. So, high probability is not everything. If you require to run the risk of whatever for each trade, a single loser in a 99% precise system will still wipe you out.


Successful trading is the outcome of having a trading approach where risks, gains and possibility are solved. With all these represented, your opportunity of success is considerably enhanced. What's left in the formula is the mental proficiency of the trader himself which will be discussed in future trading articles.


Have fun knowing, checking out and finding in your trading journey. The journey is certainly not a simple one, but if you consider the rewards, every action no matter how hard, deserves taking.