Good trading is a marathon, not a sprint. A trader is inclined to suffer their largest losses after their largest winning spree, until they get their black belt in risk mgmt - capital preservation.
Highly tuned traders become a lot more concerned on how good they play defense, the profits will always take care of itself if you can stop the big losses.
"A well-played stop-loss is just about the most beautiful trade there is." Cy, Japanese retail trader that made $34M on his big Nikkei short.
Highly tuned traders become a lot more concerned on how good they play defense, the profits will always take care of itself if you can stop the big losses.
"A well-played stop-loss is just about the most beautiful trade there is." Cy, Japanese retail trader that made $34M on his big Nikkei short.
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