Why Should You Be A Flexible Trader?

When it comes to trading, we often refer to rules, numbers. Rules are things that keep us from being manipulative, as well as keeping the original course. However, we do not always keep the rules.

1. Benefits of trading flexibility

Capital markets are unpredictable. No one can accurately predict the next price action. Therefore, the unexpected situation is not so strange to the trader.

Under such circumstances, flexibility is essential. Why?

Your trade is going in the wrong direction, and all the indicators and prices are signaling prices continue to deviate from the original expectations. At that time, be flexible to cut orders early. Because you have enough information that the market is no longer as predictable.

The flexibility will save a lot of risky costs to your trading account. Instead of waiting for results, you can anticipate and minimize losses.

2. Differentiate between flexibility and lack of discipline

The flexibility of a trader is easily confused with lack of discipline. Because these two things look the same, they do not follow the original rules.

But the fact is, flexibility is also a form of discipline. Back to the problem of early cutting. As a flexible trader, you will have to set the criteria for an order to cut losses early. That may be the oscillating indicator being warned, it may be that the price pattern is against you, … all are the rules that show you need stop loss soon.

In contrast, a disciplined trader will cut losses prematurely based on feelings. Which is a sensible course of course will lead to numerous mistakes. Breaking discipline only leads to bad outcomes.

3. How to become flexible?

Very simple, imagine trading as a battle, you are a strategist. Imagine all the possible scenarios (when you use all words, meaning only relative). For each scenario, you come up with a solution. The more scripts available, the more you take control of the market. This is considered as trading flexibility.

Happy Trading

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