Trading is challenging. Although opening a position entails clicking a computer mouse and very little effort, becoming a net profitable trader who is able to consistently win more than they lose takes a sustained effort and commitment.
One of the benefits of getting past the point of break even where you are consistently able to be net profitable week in and week out is that you see the big picture. You are no longer focused on any individual trade. You gain confidence in your system which you know has been refined. Confidence in your system allows you to stay in your trade when it goes against you and hold it until it brings you a profit. Besides over trading this is one of the other big hurdles for new traders. Dealing with the fear and angst of a volatile market.
Trading is never what it seems. Pro traders do not get up in the morning, look at their screen for 10 minutes put on the daily big winner and close it out 30 minutes later and head for the beach with their surfboard and a cooler full of cold beer. That is the fantasy world of trading. The reality is much different. It always is. Pro traders check their open positions if they have them and see how the position is maturing. If they don't have an open position they are checking the market for the next potential trade. They never look for reasons to jump into a trade because the risk of being impulsive is too high. They find a potential trade and then wait patiently as the price moves in a way where they feel confident that they are buying or selling as price moves to an extreme and they will enter when price will reverse and move in their favor. They are snipers, not machine gunners. They are patient and calm and they never get excited about profits or losses. They treat trading as a numbers game, percentages, and net profitability. There is no place in their activity for ego, emotional thinking, fear or greed. They are running a business and this requires a calm mindset and rules which prevent wild swings in mood, excitement, or taking unnecessary risk.
Trading at it's very core is a competition for money against competitors on the other side of your screen. Thy want your money and you want theirs. Who wins is a function of your skill set and experience and how you think and act based upon that thinking. A net winning trader will have to have more winning trades than losing trades for a sustained period of time. There is no place in trading for the one big winner that brings in riches because the risk is too high. Profits need to be accumulated over time without incurring large losses. Capital needs to be carefully deployed when conditions are favorable.
Psychology plays such an important role in trading and is all but ignored by new traders who focus their attention on charts, strategies, indicators, etc. in a futile attempt to find a reliable way to predict short term price movement. There is no way to accurately predict short term price movement consistently over time. There are many reasons for this. What can be done consistently and what the pros do is to trade when the probability of success is increased and is in their favor. Instead of trading the surface of the market by relying solely on technical analysis or chart patterns which have a 50/50 probability of success, the pros wait until the order flow and market structure tell them that a change is coming. They increase the probability of success and this leads to better results. And better results leads to consistency and confidence. This is where the power of a trader comes from. They have moved their actions away from a 50/50 outcome which removes the emotional component from their activity and they are able to operate like a business and not a hobby.