Most people enter trade by calculating its probable upside and building that assumption into their expectations.
as a result, they r setting themselves for disappointment.
as a result, they r setting themselves for disappointment.
https://twitter.com/kach0289/status/1395577851328352263
The question to ask when putting on a position is "what is the worst that can happen?"
By looking down, not up, you are addressing what should be your number one objective : preserving your cap, if u erode ur cap base, then u will have nothing left with which to grow.
By looking down, not up, you are addressing what should be your number one objective : preserving your cap, if u erode ur cap base, then u will have nothing left with which to grow.
almost all trader loose as many times as they win.
successful ones make more on the winning trades and loose less on bad ones.
i can remember many instances when i was extremly optimistic about the prospects of trade. i knew in my mind that the market would tell me i was wrong
successful ones make more on the winning trades and loose less on bad ones.
i can remember many instances when i was extremly optimistic about the prospects of trade. i knew in my mind that the market would tell me i was wrong
but my expectations would be so positive that u would fool myself into believing that market wont go down that far because the trend was bullish, but it went and i paid heavy for not taking worst possible scenario seriously.
a series of such painful experience have taught me that its better to look down first and look up later.
thanks for reading............
#tradingexperience
#kacharts
thanks for reading............
#tradingexperience
#kacharts
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