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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: TradeOfTheDay who wrote (5962)1/24/1999 10:40:00 AM
From: jjs_ynot  Read Replies (1) of 122087
 
A good trader is one who has developed the skills or system that allows him to limit his/her losses or in some other way make sure that the winners exceed the losers at the end of the day. I know several people on SI who play every signal of their system. The number of wins and losses are about the same but the winners statistically are about 3 times larger than the losers.

Losses are a fact of life in trading. To stay in the game, a disciplined way to limit the losses is the key. Anyone who doesn't/hasn't won't be around very long.
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