One bad trade = 10 bad trades

Discussion in 'Psychology' started by bkveen3, Aug 26, 2008.

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  1. DrEvil

    DrEvil

    If you are struggling to come to terms emotionally with a trading loss, then you are trading way too big. Reduce your position size to the point where you are not at all fazed by a loss. For me this is 1% to 2% of my account.
     
    #11     Aug 28, 2008
  2. ivob

    ivob

    Just do only one trade a day. Exit quickly unless price moves in your favor far enough and your system tells you to hold.

    regards,
    Ivo
     
    #12     Aug 28, 2008
  3. bkveen3

    bkveen3

    I dont know how the last post was relevant but all the other stuff was helpful. I'm going to try out a few different things and see what happens. Thanks all for your help. This is the kind of thing I like about ET. I hate when everything turns to a pissing match.
     
    #13     Aug 29, 2008
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