Journey of all Profitable Trader/Investor: The Three Pillars of Trading Success

My journey into the world of trading wasn't a smooth ride, in fact, it was more like a bumpy auto-rickshaw ride through peak hour traffic! But, every experience taught me something crucial, and I want to share that with you today.

When I was a student at university, something unexpected happened a Stock broker visited our campus and set up a trading competition. It was pure excitement because there were prizes to be won and, most importantly, no risk we traded using demo accounts. Eager to test my luck, I jumped right in.

After just two days, my demo trading account was wiped out.

But instead of feeling defeated, I was thrilled. For the first time, I realized trading offered unlimited earning potential. I could be my own boss and trade from anywhere in the world! I literally told myself, “I’m going to be a trader!”

Like most new traders, I dove headfirst into learning whatever I could about trading strategies. The first one I stumbled upon was Bollinger Bands. The idea seemed simple buy near the lower band, sell near the upper band. When I first saw the chart, I thought:

“This is the holy grail! I’ll be a full-time trader soon.”

Excited, I switched to a live account and put ₹10,000 on the line. But somehow, I wasn’t making money. What went wrong?

Instead of sticking with it, I started looking for the next miracle price action trading. As I went down the rabbit hole, each strategy led to yet another support and resistance, pin bars, and eventually harmonic patterns using Fibonacci ratios.

The result? My trading account was down 50%. I was losing money, feeling frustrated, and wondering whether I should quit.

After years of trial and error, I learned that trading success isn’t about finding the “perfect” strategy. There are three critical ingredients:

Edge

An edge (also known as expectancy) is something you do that yields a positive outcome on average. For example:

Assuming you risk ₹1,000 per trade,

Winning trades pay ₹3,000, losing trades lose ₹1,000,

Winning rate is 50%.

Your expectancy is

E = (0.5×3,000) - (0.5×1,000) = ₹1,000 on average per trade

If you don’t have an edge, results will always be a coin toss.

Risk Management

No matter how strong your system, risk management protects your capital. Let’s look at two traders, both with ₹50,000 accounts:

Mr. A risks ₹25,000 per trade.

Mr. B risks ₹1,000 per trade.

They both lose five trades, then win five trades. Mr. A is bankrupt after two losses. Mr. B is still in the game and, after five wins, ends up ₹5,000.

Discipline

Discipline is following your trading plan no matter what. Even if you’re tired, on holiday, or on a losing streak in the market. Skipping trades based on emotion means you’re likely to miss the big winners that cover earlier losses.

So, there you have it, my rollercoaster journey from blowing up demo accounts to finding a profitable path.

The key takeaway? Trading Success = Edge + Risk Management + Discipline. You can't have one without the others. They are the three pillars that support consistent profitability.

If you're serious about your trading journey and want to learn how to find your edge, implement robust risk management, and cultivate unwavering discipline, then I highly recommend checking out the “TECHNICAL ANALYSIS MASTERY” course. It will be a significant turning point for you.

Are you ready to take your trading to the next level? Are you willing to do whatever it takes? Reply 'yes' if you are! Let's embark on this journey to trading success together.

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