Why is it so Hard to Make Consistent Money Trading!? 🤔

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Why is it so Hard to Make Consistent Money Trading? What is consistency in trading and how do you achieve it? Why is it so hard to make money trading? How do you trade consistently and get good results if you don't have the perfect strategy? This is likely the No1 reason you are not a consistent trader yet. When we think of trading there are a few things that we have to get right. We need a strategy, good risk management and the right mindset. OK.

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[mickeyflanagan]

I used to think that being consistent was me consistently making money. Then, at some point it hit me that becoming consistent actually was me consistently doing the same thing.

[tonybest]

Sometimes consistency works when capital is involved. Sometimes people with less than $200 finds it difficult to be constant especially when they hit bad trade.

[avono]

Breakdown trading into 3 segments:

Strategy:
Risk:
Psychology:

Stick to a set strategy, mindset, risk for a given time, a month, a quarter etc.. Track your progress, reflect and make micro adjustments (not changing the strategy as a whole)

Develop statistics and collect data, a simply tally of how many time something worked vs how many times it didn’t, then you have a % or average over a small sample size or date range, this will give you confidence and a probabilistic edge, something I’ve started doing, you speak to a top trader they can give you the stats, they know they have a x% chance of something happening based on data collected, many retail traders don’t know their edge (myself included) they just go with the flow and change after a string of losses or when a win streak comes to an end

[billyshears]

I've found myself going from day trading to more of a swing trade strategy coupled with patience.

[krist]

This is so true!! For me it helps to tell myself, while I'm in a trade, that making money is more important than being right. I've lost so much money from wanting to be right, to the point where I wasn't even controlling my risk anymore. The only reason we come to the market is to make money, so when I'm in a trade for 30-60 minutes and it's not going anywhere or I'm at a loss, I get out. Control the downside and not wanting to be right is all I've been doing recently and it's paying off really well.

[Flow_State]

This sums me up perfectly. I'm consistent but I always cut my winners short. I hate making s second trade incase I loose my days profit. I'm TOO strict with myself 😄

[TheForexApostle]

I like how this is short and precise. Thank you very much for providing this information.

[zoro]

Love this, straight to the point, no unnecessary jargon, love it! Thank you

[kentan]

WOW, its the first time I hear someone explain it like that. This is really helpful. Thanks a lot Mark.

[prosperitymagnet]

This is spot on, Mark. The main problem, in my opinion, is not doing it. The knowledge about the content of this video is there but we don’t apply it. Lol. Lots of resistances to do it. I’m still struggling coz I couldn’t break my bad habit of disobedience and lack of trust on what I learn. But still hopeful that at some point, I can break through it.

[silverwings]

This is true about any endeavor of success. As success is built on the foundation of losses. As the losses become the elements of fine tuning success.
Without loss there is no learning. Without learning there is no success. Mark has the ability to impart complicated knowledge in comic book terms. Which
has always been vital to me in the higher disciplines. In college I once read a theory in a phychology text book: "We are doomed to lose what we fear to
lose." Which was supposed to be an ancient Warrior Creed. I have found this to be true in every venture of life. Seems to fit the art of Trading very well. DA

[sukie]

Great video and anology. I think "Cosistance & Persistence" sums this up! Jornalling my thoughts & feelings about a trade helps me to reflect and fine-tune strategies and ulitmately cope better with any loosing trades.

[TheConsciousTrader]

As it's the beginning of the UK tax year, please can you do a video on logging trades, rules etc?

[hasan_chop]

loved your analogy with the machete and the jungle. it really brought it home.

[ftcgyru]

The main thing I'm struggling with is thinking in probabilities. I tend to pick and choose which trades to enter while trying to avoid losses. Do you think it would be a good idea to focus on one pair and commit to taking every valid set-up on that pair during my trading session?

[mike]

This is an EXCELLENT piece of advice; so true. Perseverance on one straight path allows the mind to adapt and slowly develop the natural and necessary adjustments needed to progress. Just like a child learning to walk or ride a bike. Such a brilliant, brilliant video. I'm still not consistent yet, by the way, (except consistently losing money) but I do understand the concept of perseverance and focusing one's will to create a seemingly magical (in hindsight) evolution within the field of art and learning. This video explains it perfectly! Thank you.

[YannieP]

Great video YT should push this for more views!!

[VicDamoneJr]

This is 100% true took me 8 years but it was worth it trading a certain style and adjusting it

[Snack]

Read Noah St John’s book Afformations. Rephrase your question to, Why is it so easy for me to make consistent money trading? Negative, disempowering questions form your life, stop using them.