there are 3 possible strategies for the trader who gets stuck in a bad situation:
1. i am gonna win everything even if i have to risk losing everything
2. i am gonna save my capital substantially even if i have to forego quite a bit of profits which become subsequently possible
3. i am gonna save every penny of my caiptal even if if have to forego all the profit which subsequently appears quite possible.
the first one u can afford if u r an advanceed player and what u risk is much much less than ur total kingdom
the second one is a wise but defensive approach somehow hinting that either ur money management or ur method hasn't yet come of age
the third one is the best remedy for the trader who has got it all wrong
depending upon which one u choose, u need to build ur gameplan around it.
remember, the market doesn't know what ur position is, what ur size is. markets are like politicians. a poor individual doesn't matter or interest them. they are interested in the masses.
market will do what it has to.
so, u do what is in front of u. bat technically correct. trade ruthlessly unemotionally, like an intelligent algo.
1. i am gonna win everything even if i have to risk losing everything
2. i am gonna save my capital substantially even if i have to forego quite a bit of profits which become subsequently possible
3. i am gonna save every penny of my caiptal even if if have to forego all the profit which subsequently appears quite possible.
the first one u can afford if u r an advanceed player and what u risk is much much less than ur total kingdom
the second one is a wise but defensive approach somehow hinting that either ur money management or ur method hasn't yet come of age
the third one is the best remedy for the trader who has got it all wrong
depending upon which one u choose, u need to build ur gameplan around it.
remember, the market doesn't know what ur position is, what ur size is. markets are like politicians. a poor individual doesn't matter or interest them. they are interested in the masses.
market will do what it has to.
so, u do what is in front of u. bat technically correct. trade ruthlessly unemotionally, like an intelligent algo.
No comments:
Post a Comment