Every trader goes through a process of learning their trading personality. This will include many things like style of trading, how much time they spend in front of the computer, which type of asset classes to trade and many more! In this article I will discuss my experience with a major component of any traders career; How many trades should I place?
Just like many other traders when I first started trading I wanted to place a lot of trades because that was the conventional thought process and I was being taught no differently. In my mind the more trades that I placed, the more money I could make. In the first few months I thought that I was doing something wrong (which I was) and so I began to spend every waking hour studying the markets and pure price so that I could figure out the problem. As I was being specifically taught one way of thinking I closed my mind to many other scenarios. After many sleepless nights, my confusion grew more and more because I couldn't figure out why I was being taught to do something that I would never do on a daily basis with anything else that I purchased. During this time as you can imagine, not only did my confusion grow, my frustrations did as well.