Hi Everybody,
The 3min YM on Friday was a perfect example of why I teach that it is so important to keep your losses small. Here we had two long trades (as the STF was blue), the first was a loss, the second was a Profit. But that is not the important thing. What is important is that the loss was kept small at just -1R, and the Profit was much larger than this at +2.9R )ignoring slippage and commission). So over all, you came out with +1.9R Profit (+2.9R less -1R).....
This is why it is so important that losses are kept small and Profits large, this is what makes you money over time.....
Thanks
The 3min YM on Friday was a perfect example of why I teach that it is so important to keep your losses small. Here we had two long trades (as the STF was blue), the first was a loss, the second was a Profit. But that is not the important thing. What is important is that the loss was kept small at just -1R, and the Profit was much larger than this at +2.9R )ignoring slippage and commission). So over all, you came out with +1.9R Profit (+2.9R less -1R).....
This is why it is so important that losses are kept small and Profits large, this is what makes you money over time.....
Thanks
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