You will be too quick to take the first bit of profit because of concern that the market will take it away from you. You will jump out of perfectly good positions prematurely on the first sign of adverse price movement only to then see the market go in the anticipated direction. You will miss out on some of the best trading opportunities because these are often the most risky. If your trading capital is too important, you will be doomed to a number of fatal errors. ![]() In fact, there are few more certain ways of guaranteeing that you will lose than by trading money you can’t afford to lose. ![]() One of the cardinal rules about trading is (or should be): Don’t trade when you can’t afford to lose. ![]() While it may seem a bit heretical for the author of Market Wizards not to be trading, there was a perfectly good reason for my inaction.
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