too much emphasis on defense in trading

So if I have not had a losing day in nearly a year, I wonder if the wise man would tell me to prepare and trade defensively, as my day is coming?

Quote from eusdaiki:

A wise man once told me. If one is trying to achieve perfection then a loss may be seem as devastating for one's goals. That is frustrating.
if one is trying to achieve victory, then a loss may come simply as a natural part of the process. That is rewarding.
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I can achieve 90% win rates and drawdowns on the losers so tiny that you need a microscope to see them.


Problem is, it's next to impossible to make large amounts of money with those parameters.

You have to speculate to accumulate.

You have to be willing to get creamed to cream the serious profits off the top.

No way around that EXCEPT by hook and crook.
 
I like the guy that in essence says. No Guts, No Glory.

Is it not true what they say: Forget the low hanging fruit, you must risk climbing the tree to get the good fruit...Or did i make that up....HA...:D
 
Napolean Hills' 13 principals of success in any endeavor:

1. Desire.
2. Faith.
3. Autosuggestion.
4. Specialized knowledge.
5. Imagination.
6. Decision.
7. Persistance.
8. Enthusiastic support.
9. Organized planning.
10. The power of the Mastermind.
11. The Subconscious mind.
12. The power of the brain.
13. The sixth sense.

He also said " whatever the mind can CONCIEVE and BELIEVE, the mind can ACHIEVE."

Never underestimate the power of the subconscious mind and the brain. It can have a monumental effect on our trading and ultimately our results.
 
Well, I don't know about all of this below..

But having a vision and a plan helped me..

But what do I know, I am defensive...(but I prefer to be intelligently defensive, and not a gambler, Thank you)

Hey I get nervous trading Retail Spot Forex at under 10:1...I am not a discretionary winner, I guess...

no pain...no gain...well how bout' less pain... less gain...



Quote from iloveoptions:

Napolean Hills' 13 principals of success in any endeavor:

1. Desire.
2. Faith.
3. Autosuggestion.
4. Specialized knowledge.
5. Imagination.
6. Decision.
7. Persistance.
8. Enthusiastic support.
9. Organized planning.
10. The power of the Mastermind.
11. The Subconscious mind.
12. The power of the brain.
13. The sixth sense.

He also said " whatever the mind can CONCIEVE and BELIEVE, the mind can ACHIEVE."

Never underestimate the power of the subconscious mind and the brain. It can have a monumental effect on our trading and ultimately our results.
More...
 
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