šŸ“š THE TRADER’S LIBRARY


CHAPTER 1


A trader’s goal is not to make money.

It may sound contradictory.

We all enter the market to make money.

But when that becomes your only goal, you start making mistakes.

You enter out of anxiety.

You move the Stop Loss to avoid accepting a loss.

You close a winning trade too early out of fear of giving back the profits.

And you end up trading based on emotions instead of following a plan.

A professional trader has another objective.

Your priority is to execute your strategy correctly, again and again.

Because you understand something fundamental:

You can't control the result of an operation.

But you can control:

āœ”ļø The quality of your analysis.

āœ”ļø The risk you decide to take.

āœ”ļø The discipline with which you execute your plan.

Profits are a consequence of repeating good processes for a long time.

Not to look for a perfect operation.

The market rewards consistency.

Not desperation.

Protect your capital. Respect your plan. Let probabilities do their work.

— MANNUCCI