Friday, August 9, 2024

saying NO to trades

trading is like a property dealer or used car sale/purchase business. 

you often get only 1-2 clients in a day...sometimes in a week. most of those opportunities are not juicy, there isn't enough risk reward in your favour. you have to say "no" to most of them. if you say "yes" to every trade that comes your way, you are not a trader, someone has "traded" with you. 

but every now and then you come across a genuine trade that has risk reward ratio tilted in your favour. that trade should be taken and remaining left. boredom is the cost of safety from loss.....self talk

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