Thursday, 4 August 2016

Missed money is better than lost money

We, as a trader, should be willing to observe the market and make an informed decision. Missed money is better than lost money, so wait patiently for the best opportunities to arrive and take trades according to the trend of the market. Long-term patience will keep your confidence and optimism high, and short-term patience will help you wait for the best trades.

Success doesn’t come easy, and rarely are fortunes made overnight. Be willing to pay your dues and put in the work in order to achieve your goals.

Sometime trade gets stopped out and sometime it met with its target.Getting stopped out is not an indication of trade being wrong and trend is terminated. Stops are used only to protect our capital and limit risk. Trading is all about managing risk. Even though if you are right 50 % of the time, you’ll still end up making some money in the long run provided you cut your losses short and let your profits run.

1 comment:

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