As a PS to my post below.......
In fact, showing losses and understanding how to keep losses small is so important that I will show two losses on the 3min NQ on Wednesday as well. There are so few software vendors and so called Gurus that never mention losses, it is no wonder so many amateur traders never know how to handle them when they come along.
Here we had two losses, on a day when the larger degree trend was unclear, so it would have been difficult to filter them out using the 15min chart.
But do you see how they were kept small, so two -1R losses here then added to the nice +6.5R Profit on the 3min ES made money over all. Small losses and Big profits, that is the key to successful trading.
But it is important to know, and understand, that losses can and do unfold when trading.......
Steve
In fact, showing losses and understanding how to keep losses small is so important that I will show two losses on the 3min NQ on Wednesday as well. There are so few software vendors and so called Gurus that never mention losses, it is no wonder so many amateur traders never know how to handle them when they come along.
Here we had two losses, on a day when the larger degree trend was unclear, so it would have been difficult to filter them out using the 15min chart.
But do you see how they were kept small, so two -1R losses here then added to the nice +6.5R Profit on the 3min ES made money over all. Small losses and Big profits, that is the key to successful trading.
But it is important to know, and understand, that losses can and do unfold when trading.......
Steve
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