Hi Everybody
Loses – Yes they do unfold and yes all traders experience them................. Please see the same GBPUSD – 60min Chart, just before the nice +3.9R Profit there was a -1R loss. So yes, it is so important to understand that losses can and do happen. The trick is keeping them small. -1R is smaller than the profit of +3.9R. If you keep your losses small and profits large, then you are building the foundation for a successful trading approach.
But again, I cannot stress enough that losses can and will unfold, no matter what trading approach you us. It is your job as a professional trader to keep them small when they unfold.
Thanks
Steve
Loses – Yes they do unfold and yes all traders experience them................. Please see the same GBPUSD – 60min Chart, just before the nice +3.9R Profit there was a -1R loss. So yes, it is so important to understand that losses can and do happen. The trick is keeping them small. -1R is smaller than the profit of +3.9R. If you keep your losses small and profits large, then you are building the foundation for a successful trading approach.
But again, I cannot stress enough that losses can and will unfold, no matter what trading approach you us. It is your job as a professional trader to keep them small when they unfold.
Thanks
Steve
Posts
