Would you rather be right in your trading or make money?

Beyond The Trades takes a deeper look in the key problem many new & struggling traders have!

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Would you rather be right or make money? - Sounds like a real simple quote as of course many rather make money. So the question becomes. Are you okay with being wrong at the moment in your bias in order to make money now. It is a day to day thing making money as a day trader. You can be right months or years down the line. But so wrong in the past or present.This is why bias kills traders or prevents them from making money. They say they rather make money than be right - but their actions tend to be the complete opposite.

This is just a general statement as I see all over social media how people have a short bias in the masses. Yet some stocks have been trending up since October/January. Does not matter why this is happening. But if it is indeed happening. You dont need to know why if the chart set up supports it. You just need to profit from it (if it is an A+ Set up of yours)... If not, you simply dont trade it. - watch training videos for more on this at #📘│playbook-basics

Also the sooner the masses understand that in 2023, the economy is NOT the stock market, they better off they will be in day trading.

For me, it really helps that I am sincere and okay with knowing that what I think the market will do (or should do) is wrong 50% of the time. I accept this and will not ever trade what I think or feel the market should do without a TA set up to support it. I mean I see the same data the masses are looking at who are short bias heavily. And I can agree with them. But heck I am not going to be trading with them when I have some really good A+ set ups that may be going long that are working all of 2023 for me... the same can be said if a short set up appears for me. I will take it without a blink of an eye. My feelings long OR short mean nothing as they have proven to be wrong that 50% of the time over the past decade+.

There are lots of so called expert folks on social media who use fancy words and seem like they know what they are talking about, that are causing so many people to lose money the past 6 months. And then they blame the markets for being F-Up as the reason why (which is their way of saying they have no clue what is happening). Run from anyone that tells you they know for certain what an uncertain market will be doing. Especially when your personal money is at stake.

I have no choice as a technical chartist trader that I am, to play price on the charts according to my set up strategies and If, Then Statements I choose to have for my style. Some of my set ups and strategies (and from others) are posted in #📈 Microefutures/EquitiesETC Trading Room Community.

Now reminder this is how I personal look at the market for day trading, and also how I approach creating my playbook and set up strategies. Does not make it right or wrong, just how I trade. And remember, if you are a new trader, you should never follow anyone blindly and work on creating your own personal style of trading. In fact, I have yet to meet a long time profitable trader who has copied exactly someone’s else style.

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