The Psychology of Trade Profit Targets
['Nial Fuller']
Learn To Trade The Market
When it comes to trading, this is exactly why you cannot expect any particular outcome on any particular trade, because if you do, you are going to jump-start an emotional storm of negative feelings that cause you to commit account destroying trading mistakes if the outcome you expected on a trade isn’t the outcome you got. Now, here’s the key to making these two beliefs connect; the way you make money from a seemingly random outcome on each trade is by executing your trading strategy or edge consistently over a large enough sample size or series of trades.