Hi Everybody,
The last few days have been a brilliant example of why it is so important to keep your losses small. Yesterday we saw how even after 3 loses in a row, the overall loss was only small, at juts -0.6R. Then look what happened yesterday, a nice +2.5R Profit (ignoring slippage and commission) on the 3min ES, which put you back into Profits overall.... Also remember that we had a couple of good days before that as well.
This is why it is so important to accept the losses but just keep them small. Because the Cyclical Nature of Trading means that it will not be long before the next profit comes along, and (this is the import part), with MTPredictor, that Profit will be larger in relation to the losses.....
So the last few days have been a very good lesson on this, that I hope has helped you all become better traders.
Thanks, Steve
The last few days have been a brilliant example of why it is so important to keep your losses small. Yesterday we saw how even after 3 loses in a row, the overall loss was only small, at juts -0.6R. Then look what happened yesterday, a nice +2.5R Profit (ignoring slippage and commission) on the 3min ES, which put you back into Profits overall.... Also remember that we had a couple of good days before that as well.
This is why it is so important to accept the losses but just keep them small. Because the Cyclical Nature of Trading means that it will not be long before the next profit comes along, and (this is the import part), with MTPredictor, that Profit will be larger in relation to the losses.....
So the last few days have been a very good lesson on this, that I hope has helped you all become better traders.
Thanks, Steve
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