Discussion in 'Trading' started by stock777, Mar 20, 2007.
Your entry determines WHETHER or not you make money.
You exit determines HOW MUCH.
Don't know who said that.
The 1st part is clearly false. A well-placed or well-timed entry, while undeniably helpful, is neither necessary nor sufficient condition to make money, contrary to what most non-professionals believe.
The 2nd part is true, but incomplete in a significant way. Your exit determines both whether or not you make money and, if so, how much.
Your brain determines all.
Separate names with a comma.