Monday, August 6, 2007

Another idea:

New traders think great traders are making money on 80 - 90% of their trades.

I doubt this is true.

Great traders do have one thing in common: They lose less on bad trades. As long as your losses are small, you can profit on 1 out of every 10 trades and still make a living. Think about it.

It's your ability to manage losses that sets the successful from the blowouts.

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