the less you trade, the more you make; can anyone relate to this?
I agree with this statement because trading is a mental exercise and when you trade too often you become fatigued mentally and begin to make bad/reckless decisions. I believe in trading few but quality trades instead of many low quality trades.
For example instead of placing 10 different trades with 1 pip stop loss each, it is better to place one quality trade with a 10 pip stop loss.
This is because on the 1 pip stop loss trades, you will probably get stopped out easily due to market fluctuations but with the 10 pip stop loss trade, your chances of weathering the volatile markets are higher giving you time for the market to move in your favor.
online trading is one area where doing it more does not mean you will make more money. In fact doing trading more will result to more losses because trading is about probability.
There's always going to be times when the market will move against you or you make a wrong decision; so the more you trade the higher the probability that you will make a mistake.
There’s a common saying in trading that “the less you trade, the more you make,” and for many traders, this turns out to be true. Most people lose money not because they don’t trade enough, but because they trade too much. When you reduce the number of trades you take, you naturally avoid many of the mistakes that drain accounts — things like chasing candles, entering out of boredom, or forcing setups that don’t fit your plan. Fewer trades often mean you’re being more selective, waiting patiently for clean, high-quality opportunities instead of jumping into any movement that appears on the chart.
There’s a common saying in trading that “the less you trade, the more you make,” and for many traders, this turns out to be true. Most people lose money not because they don’t trade enough, but because they trade too much. When you reduce the number of trades you take, you naturally avoid many of the mistakes that drain accounts — things like chasing candles, entering out of boredom, or forcing setups that don’t fit your plan. Fewer trades often mean you’re being more selective, waiting patiently for clean, high-quality opportunities instead of jumping into any movement that appears on the chart.
Trading less also lowers your overall costs. Every trade comes with spreads, commissions, or swap fees, and these add up over time. If you open many unnecessary trades, you end up giving away part of your profit before the market even moves. By focusing only on the best setups, you keep more of what you earn.
Trading less also lowers your overall costs. Every trade comes with spreads, commissions, or swap fees, and these add up over time. If you open many unnecessary trades, you end up giving away part of your profit before the market even moves. By focusing only on the best setups, you keep more of what you earn.
Dont forget mental fatigue, when you trade too often it doesnt give your brain time to recover and you risk making bad decisions
Dont forget mental fatigue, when you trade too often it doesnt give your brain time to recover and you risk making bad decisions
Yh, this is a major one. Thank you for sharing