Your Worst Trading Enemy.. You Message Board

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Strategies & Market Trends : Your Worst Trading Enemy.. You

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To: parker_meridian who wrote (189)	2/6/2001 3:08:03 AM
From: shawnwolff	of 223

Re: Trading Percentages and Stops I agree with parker_meridian. It does not matter what your percentages are. Even people with a winning system, and winning percentages over-all are quite often losing traders because their ego will not allow them to keep an occasional stop. You can make several good trades in a row, but if on the next trade you fail to keep a stop, you can easily take a large chunk out of those profits. A lot of times I find that winning traders are in fact those that find it emotionally difficult to keep a stop. They get cocky, think they can't lose, and will even "refuse" to lose. - Shawn

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