Category Archives: Strategies
What is Stop Loss for me? Simple : “never let yourself get attached to anything that you cannot walk out on in thirty seconds if you feel the heat around the corner” Heat (1995 film), replace thirty seconds with any amount that you choose to be your Stop Loss.
Very successful traders generally have more losing trades than winning trades. It’s just that they don’t have any hang-ups about admitting they’re wrong, and have the ability to close out losing positions quickly. Program your mind to accept many small losses. Program your mind to “sit still” for a few large gains.