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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (1612)	4/19/1999 8:50:00 PM
From: Tai Jin	Read Replies (1) \| Respond to of 1729

What we tend to forget is that we should be concentrating on good trading (and good trading habits) and not on how much profit/loss we are getting in a trade. If you are in a bad trade then you should get out. Period. Holding a bad trade just reinforces bad trading habits. You might be lucky this time, but you won't be lucky all the time. Luck should not play a role in your trading decisions (if it did then trading would be no different from gambling - unfortunately, I think for many traders that's just what it is). Emotions should not play a role in your trading decisions. When you are constantly looking at your profit/loss then you cannot make good trading decisions. Don't use your profit/loss as an indicator of how well/poorly you are trading. That's backwards. First learn what it means to trade well. When you are trading well, you will make a profit. Guaranteed. It's as simple as that. ...tai