Yesterday was also a good example of how loses can and do happen,. All traders know that loses unfold when trading, there are just too many vendors and Gurus that never mention losses. This gives a “false” impression that trading is all about a high % of winners, it is not, successful trading is all about keeping the inevitable losses small.
Here this -1R loss on the 3min ES was small when compared to the +3R Profit on the YM (see post below)
Small losses and big profits (not their number) is the real key to successful trading....
Thanks, Steve
Here this -1R loss on the 3min ES was small when compared to the +3R Profit on the YM (see post below)
Small losses and big profits (not their number) is the real key to successful trading....
Thanks, Steve
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