I totally disagree that solid traders doesn’t face a lot of problems in trading since in fact, they face many problems in trading per day specially when the market movesment is going against them. The only difference is, they have more focus and analysis in solving that problems which makes them apart from a normal or newbie trader.
You didn’t properly read my post before hitting the quote button. Either way, these solid traders know that the market can’t always move in their favor. They can do 2 things. 1] recalculate their position and sell, where they take a hit to go with the new direction (a losing trade), or 2] they just keep their position open, where they alongside that open another position to go with the new direction. Trading is basically 75-80% knowledge, and the rest is the luck factor. If you know what you do, the losing trades won’t eat through the profits generated by your winning trades. Again — losing trades are nothing more than collateral damage for them.
Published at Tue, 25 Apr 2017 18:05:54 +0000
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