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Re: dugie100 post# 72277

Wednesday, 04/17/2019 12:45:37 PM

Wednesday, April 17, 2019 12:45:37 PM

Post# of 163967
"No one likes to lose Money". This is the difference between successful traders and the losers. Top traders use their edge (whatever system they base trades on) to enter trades. They look at their portfolio as a series of trades and thus are not prone to emotional trading flaws that come with the all or nothing mentality. Therefore they know they will lose money and accept it. If your system is 70% effective, you will lose 3 times out of ten, you will also win 7. The Market is irrational, no one knows what will happen after they get in, a single large trader anywhere in the world can move the market up or down, therefore you never can know what comes next. Top traders focus on their trading psychology and mentality. They trust their methodology. Their edge tells them to get in, their psychology/rules tell them to get out. As a trader who has studied Mark Douglas I recognize this move shows the maxim anything can happen. I also know my edge for this trade was merger of Roterman's (proved in Pacer) and so I am in this thing until the merger happens.
Good luck to all, know why you own.
Volume:
Day Range:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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