One thing that has helped me is viewing my trade statistics. One thing I have discovered is that on my winning trades I have very little open average loss before the trade became profitable. And conversely I have very little average profit on my losing trades before they become losers.
This tells my that I am either right very quickly or wrong very quickly and has helped give me the confidence to cut my losing trades more quickly.
The "secret" in all of this may be that what you don't lose on your losing trades may make the difference in being overall profitable.
This tells my that I am either right very quickly or wrong very quickly and has helped give me the confidence to cut my losing trades more quickly.
The "secret" in all of this may be that what you don't lose on your losing trades may make the difference in being overall profitable.
