Everything in life is of double fold. Whatever we do, the result will be in two types, either good or bad. The result which reaps in with quality outcome always makes us happy and makes us feel enthusiastic. We will be eager to take up that work again . But if we fail once, then the result thereof, turns out to be negative. In those circumstances, we feel depressed and we will not show the same interest to do that work which we showed earlier. And one such area where these types of feelings arise is trading. Though we loss, but there is some good to learn from that mistake.
The hardest but also most important lesson to learn in trading is how to handle losses gracefully. Most traders will inevitably face a string of losses at some point, so those who can't lose without being thrown off their game won't survive the market. The traders who have realistic win/loss expectations and a trading system they trust have the best chance of prevailing over tough market conditions.
Every trader worth his or her salt knows that trading against the trend is not a good idea. So it seems logical that the best trading systems would be that those who follow the trend: when the trend is going up, take up long trades only, and when it's going down, it's time to go for short. That being said, you'd think that trend-following systems would have the best. Yes, they have the best. Follow the trend you will be successful
No comments:
Post a Comment