Thread by @team3dstocks

Unless u're a scalper, taking profits too early is 1 of the MOST underrated reasons why traders fail. Broker reports have confirmed this. Traders dont have issues finding winning trades.. they have issues staying in the trade long enough for the risk/reward to make fucking sense

https://twitter.com/gotdamjesus/status/1431511998617976839

Traders will lose let's say $1000 five times in a row then finally nail a $100 winner and close the trade.. because their fucking cognitively impaired "guru" told them "goTTA cLOsE gReEn bRo". Or my most hated one "MoNeY iS mOnEy bRO".

yeah "money is money" but the only problem with that dumb ass Neanderthal logic is that it is mathematically IMPOSSIBLE to be profitable long term with a risk/reward this trash. It's not enough to be green. That "green" has to be big enough to cover both past & future losses.

Traders will find a perfect setup, with a PLANNED realistic target, but then take profits the SECOND the trade starts to work. wtf?? u did the hard work & research, and now that the market is about to reward u, u settle for a fraction of the gains & leave? Make it make sense bro

So conclusion, there is no secret sauce. If the setup is valid, and the target is realistic & reasonable (based on the stock's range etc.), then STAY in the trade until ur target or minimum R/R hits. End of story. Stop selling yourself short on winning trades.

#BearTipOfTheDay

Now before some retard takes this out of context and says "AdF tOLd mE to hOLd fOrEvEr". No, notice I said hold until your PLANNED, realistic target hits. After that, close the trade or put a trailing stop. No reason to get greedy past that point or u'll risk giving it all back.