{"id":12688,"date":"2016-12-01T09:21:33","date_gmt":"2016-12-01T17:21:33","guid":{"rendered":"http:\/\/www.tradingheroes.com\/?p=12688"},"modified":"2025-07-23T20:43:40","modified_gmt":"2025-07-24T03:43:40","slug":"not-pro-trader","status":"publish","type":"post","link":"https:\/\/www.tradingheroes.com\/not-pro-trader\/","title":{"rendered":"31 Statements That Prove That You are Not Ready to be a Pro Trader"},"content":{"rendered":"

I am 100% guilty of saying every single one<\/em> of these statements at some point during my trading journey. That is why I can show you how ridiculous each of these statements are.<\/p>\n

If you are<\/em> saying some of these things, then I will also show you how you can correct your mistakes. However, if you don't see anything wrong with these statements now, then please don't quit your day job yet (and also see #19).<\/p>\n

Before we get started,\u00a0don't take any of this personally.<\/strong> What I'm saying might sound harsh at times, but it is the truth.<\/p>\n

I only have your best interest at heart.<\/p>\n

\"Losing<\/p>\n

When you buy something through one of the links on our site, we may earn an affiliate commission.<\/div><\/p>\n

1. I'll Make It ALL\u00a0Back on the Next Trade<\/h2>\n

If you\u00a0have ever said this, then you are well on your way to becoming a martingale<\/a> trader.<\/p>\n

…and those traders are the opposite of successful.<\/p>\n

Trying to make too much profit on any one trade is the reason why so many traders blow out at least one account. Most professional traders that I have interviewed<\/a> don't risk more than 2% of their total account on each trade.<\/p>\n

Remember that if you risk 10% of your account on each trade, it only takes 5 losing trades in a row to lose 50% of your account. Then you will have to make 100%, just to get back to breakeven.<\/strong><\/p>\n

Some of the best traders in the world<\/em> make 100% a year<\/em>.<\/p>\n

As an aspiring trader, you need to focus on losing as little as possible…because you will lose.<\/em><\/p>\n

2. My\u00a0Broker Ran My Stops<\/h2>\n

Classic, classic newbie statement. Can brokers run stops?<\/p>\n

Sure.<\/p>\n

But most legit\u00a0brokers won't because they don't want to deal with the headache if they get caught.<\/p>\n

The more likely scenario is that you set your stop way too tight, you took a bad trade or it was a good opportunity and it was simply a losing trade.\u00a0<\/strong><\/p>\n

Stop blaming everyone else for your losses. Take responsibility and figure out what really happened.<\/p>\n

3. I've Lost 5 Trades In a Row, so I'm Due For a Big Winning Trade<\/h2>\n

Ahhh, gambler's fallacy at it's finest.<\/p>\n

This idea of you are running out of “bad luck” is complete nonsense. Have you ever lost more than 10 trades in a row?<\/p>\n

I have.<\/p>\n

…and if I had kept risking more after each loss, I would have blown out my account.<\/p>\n

So don't count on your next trade being a winner, just because you are on a losing streak. <\/strong><\/p>\n

It could be 10 in a row.<\/p>\n

I've found that the two-strikes rule<\/a> will stop you from going down the rabbit hole of doom.<\/p>\n

4. My Entry is Late, But There's Still Some Room<\/h2>\n

Ever find yourself trying squeeze 1R out of a trade, when it's not really there?<\/p>\n

Busted.<\/em><\/p>\n

For example, there is a nice Pin Bar<\/a> on the top of this recent price action.<\/p>\n

But let's say that you don't\u00a0have a Pin Bar alerts indicator<\/a>\u00a0and you get to your charts late, and it looks like this.<\/p>\n

\"Late<\/p>\n

Chart by TradingView<\/a>\u00a0<\/em><\/p>\n

You might be tempted to take the trade, even though it is a little late. As you can see there is about 0.91R available, making the trade less than optimal.<\/p>\n

If you take the trade, you could be in for a world of hurt.<\/p>\n

Remember, there is always another opportunity around the corner.<\/strong> Be patient, because it's all about the entry<\/a>.<\/p>\n

5. I Trust My Trading Instructor\u00a0Completely<\/h2>\n

Get a proper trading education. <\/strong><\/p>\n

…but don't trust any\u00a0instructor completely.<\/p>\n

I'm not saying that they are scams<\/a>.<\/p>\n

In fact, I believe the opposite. You can usually learn at least one useful thing from a trading course.<\/p>\n

Even a bad course.<\/em><\/p>\n

But there are many reasons why learning another person's trading system is only half of trading success:<\/p>\n