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.