when i started trading i learnt a few strategies and pair patterns but was still loosing more than i can make, but this was only until i learned to rather react than predict, so i would recite to myself 'reacting is trading and predicting is gambling' keep in mind you must not be emotional about losses,
what also played a big role in my improvement was to understand that when it is said that about 70% looses their money, for me it was 'out of 10 trades you will loose 7 and win 3 ' so my 3 wins has to bring in more than all 7 loses😄 now this has made trading exciting even more
keep calm and a focused mind wishing y'all a successful trading journey
Well I agree with you. Many of us keep predicting and when its actually time to react, don't make the move. We really need to have a proactive approach instead.
Well i believe, both the things predicting and reacting both go hand in hand, if you only react, you will limit your trade possibilities as you will never be able to enter a trade at a good profitable point. On the other hand if you are only predicting and the trade turns out to be opposite to your prediction then you are left with nothing but disappointment.
Thus, its best that you predict the market movement after detailed analysis and react according to the actual market conditions when the trade is running.
I hope you agree with this.
The more your practice, the more you learn.