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.


  • Topics

  • Posts

    • I guess US has fund managers and investment banking institutions looking after the portfolios on behalf of their clients.
    • There are many resources related to forex trading available on forums like babypips and forexfactory etc.
    • Candle stick pattern is one of the easiest charting patterns available to learn and make money. However, new traders never learn about the skills needed for earning money but they rush for making money and eventually lose their money.
    • Nothing wrong with being a ‘progressive’. Nothing wrong with being a ‘conservative’.  Very generally, ‘conservatives’ have preponderance of the here and now neurotransmitters, prefer empirical references, the rule of law, and value individual agency (It has been said that conservatives love humans and progressives love humanity) . Very generally, ‘progressives’ are dopaginaric - driven by passion for a better possible future, prefer references to others  (Example Karmela won’t answer questions with facts.  She cites the opinion of 18 ‘experts’), have a penchant for rule by man/mobs not by law , and value ‘societal' agency.  However, excesses of either tendency indicates mental illness, collective malaise, and has consequences.  When either camp is systematically captured by control seekers and/or, situationally by mobs, the whole is lessened. A key sign that is occurring is when one side no longer allows disagreement.  Progressives have  currently gone crazy in those excesses and are no longer allowing anything but unithought... examples - You can still be a vocal pro choice republican.  Try being a vocal pro life democrat. For snicks just try it.  You’ll get cancelled.  Bust a myth about blacks in America, true up the real  history of Republicans ending slavery and what has happened since, how the democrats are the party of the KKK, how Obama did not a fkn thang for blacks in general, be a black republican, etc.    You will get canceled in a heartbeat. Step up and question the social agendas of federally subsidized schools at a board meeting... get treated like shit and also get an immediate case number with the FBI ... Question the requirements to watch and lickkiss the 'rainbows' and also make sure your kids show up for it, not to mention fund transitions out of your pocket and see what you get ‘labeled’ Question mainstream media bias - even just to mention that biased, agenda driven narrative is different from truth in reporting - and see what happens to your voice... Excesses have consequences... imbalances have consequences... just sayin’
    • SBUX Starbucks stock, watch for a top of range breakout above 99.81 at https://stockconsultant.com/?SBUX
×
×
  • Create New...

Important Information

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