Losing is a tough pill to swallow. No one wants to admit defeat, but in order to win, you have to learn how to lose first.
It's not easy to do, but understanding and accepting that losses are a part of trading is crucial to your success. If you can't handle losing, then you're never going to be able to win.
In trading, as in life, it is important to know when...
The most successful traders have one thing in common: they know when to pull the trigger. They don’t hesitate. They don’t second-guess themselves. They make a decision and they stick to it.
Indecision is the enemy of success. It’s what causes trading losses. If you can’t make a decision, you’ll never make any money in the markets.
The trick is to not let...
We are traders. We're in the business of making mistakes. Winners make small mistakes; losers make big mistakes.
It's part of our job to make mistakes. To be a successful trader, you have to be comfortable with making mistakes and learning from them. The key is to make small mistakes and avoid the big ones.
Making mistakes is how we learn and grow as...
When you decide to make a trade be sure that you are not violating any of these 28 rules which are vital and important to your success.
When you close a trade with a loss, go over these rules and see which rule you have violated;
then do not make the same mistake the second time.
Experience and investigation will convince you of the value of these rules,
and...
When you decide to make a trade be sure that you are not violating any of these 28 rules which are vital and important to your success.
When you close a trade with a loss, go over these rules and see which rule you have violated;
then do not make the same mistake the second time.
Experience and investigation will convince you of the value of these rules,
and...
