Dora Wi

There are lots of different ways of trading, and lots of sources that we can get inspired from. It is right that it's up to us to choose from that and make our own trading plan. Having a well-tested plan is important for success, and so is the ability to stick to that plan as much as possible.

I completely agree. Developing discipline is a very important thing. It's also very difficult, you might have to work on it and practice a lot. But sticking to a good strategy - instead of letting your emotions make decisions for you - is key if you want to have a chance at being successful.

I think the biggest motivation is if you focus on progress, not money. Having financial goals is an important part of the game, but you only have direct control over how much knowledge you acquire, how much experience you gain, and how well you stick to your trading plan. The mindset of prioritizing progress can help you control your emotions and achieve long-term profitability.

Is it really a favourite of beginners, though? I feel like it is a risky method that requires the trader to react quickly. There are easier strategies to use that are more suitable for beginners who are just testing the waters.