guys, has anyone recently read trading for a living? I need to confirm if Dr. Elder talks about 4 types of trades; 1. small win 2. small loss 3. big win 4. big loss stating that as long as we can control the big loss you'll be successful in trading....1 & 2 cxl each other out....#3 builds accounts.
I have the book, but don't understand the question. What's so strange with small wins and small losses ? Small wins is typical of someone who moves to breakeven.
I recently read his second book, "Welcome to my Trading Room"... which basically said.... thanks for buying my first book.