I received a question from Lim who wrote:
Do you think we should always trade outside our comfort zone? It could be worthwhile to gain exposure to more opportunities, but what can we do to make the risk worth taking?
Before I reply to your question, I would like to ask if you trade profitably within your comfort zone.
If your answer is no, why not focus first on trading profitably in your comfort zone before venturing out?
If your answer is yes, it is definitely worth pursuing. Venturing beyond our comfort zone is an effective way to grow and improve. One important point to note is, while you venture out of your comfort zone, do not forget what worked for you in the past. You can still profit by doing this while you grow and improve. Only then is the risk worth taking.
To your success as a profitable trader,
Mario
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