The Gambler Trader Vs The Professional Trader Know Which One You Are

First, the Gambler Trader:

Enters his trades randomly and without a plan

Doesn't know why he entered the trade if asked

Doesn't have good risk management

Chases the illusion of extreme wealth and quick profit

Listens to anyone's advice and changes his strategy a thousand times a week because two trades lost

Enters a lot that exceeds his capital capacity

Enters three trades at the same time on the same currency pair or different pairs

If he loses, he gets angry, curses, and tries to recover the loss immediately

Because he enters with feelings and emotions and without criteria he set for himself that have been achieved

Practices on a demo account as if it were a game or a casino or a game of chance

Has not studied the market or technical analysis sufficiently

Relies excessively on indicators more than price movement and liquidity itself

☆ The Professional Trader 🔥

Does not fear loss because he knows it is an inseparable part of the journey

Does not seek quick profit or wealth overnight but rather aims for financial freedom in the long term and, most importantly, to preserve his capital as much as possible and stay in the market

Enjoys good risk management of 1:3 or 1:2

Knows why he entered the trade

Trades with the market trend and not against it

Takes the field seriously and entered a strong training camp on a demo account for a period of no less than 6 months and treats it like his real account

Studied technical analysis and price movement

His strategy is stable and he does not change it

Enters three or five trades daily only and at a fixed daily time