2. YOU DO NOT CONTROL THE MARKET DIRECTION
The faster you understand this reality, the better your trading career will be. UNDERSTAND that you will never control the market direction, therefor DO NOT assume its direction and do not hope for it to go the direction that you want it to go. FOLLOW THE TREND, never go against the market trend because 99.9% of the time you will lose and the market will take all your profit. Even when you believe it’s reversing in your favor, always wait for a clear trend direction. NEVER EVER BET AGAINST MARKET TREND. I had the problem of believing that I could control the outcome of the market by guessing its direction or by predicting where it was going. However, it took me a long time and a lot of money lost to finally understand that I can’t control those things, the only thing I can control is my emotions when inside a trade, is taking my profit when I have to and/or cutting a loss trade at my stop loss. I stopped HOPING for the market to reverse back in my favor.
