The elements of good trading are: 1) cutting losses, 2) cutting losses, and 3) cutting losses
I handle losing streaks by trimming down my activity. I just wait it out. Trying to trade duringa losing streak is emotionally devastating. Trying to play "catch up" is lethal.
A) Cut losses. B) Ride Winners. C) Keep bets small. D) Follow the rules without quesiton. E) Know when to break the rules.
Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.
It is a happy circumstance that when nature gives us true burning desires, she also gives us the means to satisfy them. Those who want to win and lack skill can get someone with skill to help them.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment