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Hi, I am new to trader's lab and this is my second post. I am not good in English writing. But just would like make some friends here. I think I am a learner daily in stocks market since I always can learn something new from there everyday. Here is my principles for trading, first, I try not to gambling. I meant I do not place my important trade based on pure guessing. Whenever I conduct a very critical trade, I may ask me if I am gambling? If it is, I will try to look at what kind of risk I am going to bear. Second, from my experience, most of time I found that if I do trade right(what' the righteousness?), then I won't worry too much the risk, but if I do thing wrong(I am still human), then I found that I was in a war! Then I need to set up a strategy to figure out how not to be defeated! Here is what I think, if you look at market, you probably agree that the probability to win and lost is just half and half, but the amount of win is always smaller than the lost generally. I think because when you trade, when price has rising, but you take profit, it continue up, but when you lost, you generally are pushed to lost max. So my strategy to win in market is not on “how you can win”, but based on “how you not to be defeated when you are in war mode!” and control the risk. Then the lost will be smaller than the profit you win and you can continue accumulate profit. Like to learn from you guys if you have different thoughts.
