Yes, exactly. I think the entry requires much more expertise and is of much greater importance than the profit taking exit. If your entry is wrong, you have a problem. But even if your exit is a wide miss, you never go out of business making a profit. I would explain this thought more in detail, right or wrong, but it's 20 minutes past my bedtime. So good night.
and I love this one from Paul Tudor Jones.. "And then at the end of the day, the most important thing is how good are you at risk control. Ninety-percent of any great trader is going to be the risk control."
"Most important thing in making money is not letting your losses get out of hand." -Marty Schwartz IE exits
„Most people who think they are investing are speculating. And most people who think they are speculating are gambling.” by I-don't-know-whom..
"If you're afraid, don't do it. If you're doing it, don't be afraid" - Genghis Khan I think Yoda just paraphrased it: "Do. Or do not. There is no try"
In regards to trading: "It's not about perfection. It's about effectively managing your imperfection."
%% Good one; profitable one. Having said that + i agree with that; perfect means mature, in some contexts, mature quotes.LOL