Before entering a trade, each trade should have a stop and target. The stop is just the cost of doing business. I have learned that once one gets comfortable losing the rest is easy because if someone has a trading edge, the wins will greatly outperform the losers.
Posted Using LeoFinance
Absolutely. Nobody is right 100% of the time in the market. However, by cutting losses when they do occur, one does not even need to be right half the time to come out ahead. Let the winners run and cut the losers immediately.
Posted Using LeoFinance