dimanche 17 août 2014

In order to win, you need to be willing to lose

In order to win, you need to be willing to lose

Sometimes small changes lead to big results…



And this is the kind of those “small” things that can have a great impact in your trading results.



Here is a little story

You go to the mall to buy a T-shirt… Once you get to your favorite store and see a few t-shirts, you decide to take the one in blue…



Once you get to the cashier, you tell him:



I want to take this t-shirt home but I don’t want to pay you for it…



Doesn’t make sense, does it?



That’s exactly what happens when you open a trade and you are not willing to lose.



When you go out to buy a t-shirt you pay something because you think you are going to get something more valuable than the money you are paying for.



When you open a business, you need to invest in resources first and you know that after a while, you are going to make that back. But there is also the possibility that you never make your money back.



So why is it that we think so differently in trading?



Hey Raul… this is nonsense, I’ve already accepted my risk.



Really?



Then…



Why do you move your SL to soon?



Why do you hold your losses for so long?



Why do you take profits to soon?



Why do you trade with no SL at all?



- See more at: http://ift.tt/1kN4qYv




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