Wednesday 5 May 2010

Small losses and Big Profits


Hi Everybody.

I hope you all read, and then took on board my post yesterday on why most amateur traders lose ? Well, yesterday carried on nicely, where we had 3 short trades on the 3min ES, 1 loss and 2 winners. But that is not important, what was important was that the Profits were much much larger than the losses. So even if tomorrow we have a few losses, these Big Profits will more than make up for a few losses. And this is the key to successful trading, small losses and Big Profits.

Yesterday the STF on the 3min ES was red, so Standard Traders would have avoided the buys and only taken the sell. The result was two good profitable trades and 1 loss. Please see the Chart. So a good day overall yesterday.

Thanks, Steve