How To Never Lose Money On A Trade

nail in the coffin.thread is closed.

 

It is almost impossible not to lose on all your trades. The best you can do is use good money management to limit your losses. Especially using stop losses to state the maximum losses you can afford on every trade.

 

I thought the same thing, don't trade!

 

Just double down by averaging down/up until you're eventually in the green. I've only ever lost once doing this.

 

And lost it all?

 

This is called a Martingale approach to betting/trading and has been proven to be a losing method.

 

My bad. Tongue in cheek doesn't work well on the internet.

 

(The underline and bolding was added to the quote...)

I didn't think "the market" was designed for any particular type of person to make money, be they extraordinaire, average, or poser. The markets are their own beast. I do not believe "the markets" are out to get anyone in particular. They are what they are. We adapt to what they are and we swim, or we fail to recognize them, and we sink.

 

??????? That was a long way to get to a long held maxim.

 

If I had more time, I would have written a shorter letter.
- Blaise Pascal