Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

bojangle

The Real Battle

Recommended Posts

I believe the real battle is being able to lose, rather than being able to win.

 

Anybody can win. Can you lose?

 

No method guarantees a 100% win rate. We must all lose at some point. Stop fighting that battle. Focus your effort on being able to lose better than anybody else.

 

Focus on probability and risk management.

Share this post


Link to post
Share on other sites

Hi, Just another angle. Art of war is to win. It is not easy to win consistently but easy to lose if you do not have a plan and we only can control not to lose. It’s from an old book. Cheers.

Share this post


Link to post
Share on other sites
I believe the real battle is being able to lose, rather than being able to win.

 

Anybody can win. Can you lose?

 

No method guarantees a 100% win rate. We must all lose at some point. Stop fighting that battle. Focus your effort on being able to lose better than anybody else.

 

Focus on probability and risk management.

 

Yes the battle comes from within, accepting losses are part of the business of trading & not to be dwelled upon. In addition the secret is keep the stop in place & not readjust. I shrug my shoulders & look for the next opportunity.

Share this post


Link to post
Share on other sites

I like this... good point about losing. I work around some very successful traders and they all lose at least half the time. Those that stick around get out shortly after seeing the trade move against them.

 

The best traders usually just have 1 or 2 trades that go their way per year and they make their targets by letting the winners ride longer than the losers.

 

Of course, it is harder to do with your own money. 3 trades this week, 2 won, 1 lost. The loser was less than the gains... just hope to keep that up and not let it affect my mood. The psychology of trading without it affecting your ego is really difficult to manage... I see guys blow up all the time because they can't admit they were wrong about a position. Don't be one of those guys...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.