Short post.
2 things for me.
Firstly after 2 years of learning I believe that's it's imperative to minimise a bad trade. It's such a simple statement but so so important. Get out of jail.
The trades that go your way will kind of go your way from the start. Put in an offer , take out a bit, put in some more, offset a bit. Then you're looking at green to the top of your monitor.
Realise that you can be OK at this and don't be afraid of your strike rate.
That's all.
Sorry had to put down some thoughts.
Two things I'm trying to do.
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It is a short but sweet message and point you have made there.
Getting 'out of jail' is a key in trading I would agree, very often at least. The classic flipside is making the most of the good markets.
The hidden problem with both the above is that 'getting out of jail' can become too dominant in trading. If you end up the day with a large run of small reds, then it's never exactly going to get you anywhere.
Getting 'out of jail' is a key in trading I would agree, very often at least. The classic flipside is making the most of the good markets.
The hidden problem with both the above is that 'getting out of jail' can become too dominant in trading. If you end up the day with a large run of small reds, then it's never exactly going to get you anywhere.