Dear All,
While reading the book Phatom of Pits " , I Came Across this phrase "Best looser is long Term Winner " . This is so close to reality of Professional Trading .
I read hundered of articles on trading, every body is focus how to win in markets , how to make profit etc.. nobody ever concern about loosing ......amature trader looks for methods and tips that can give then 100% Trade win ratio . Some people boast of 100% trade win ratio with no loss gurantee .
Just ask your self ,can you find a Single human being who have never done any thing wrong in his life .
Great people achieve success because they learn fast from there mistakes , take feedback from it and not to repeat the same mistake again .
Thomas edison failed 10000 times in making a light bulb ......should you call him a looser ???
To make mistake is being human , humans tends to learn and progress from mistake , its not that
that Successful people never did mistakes in their life .
Trading is same as life , professional trader's make mistake , they learn , they adapt and they love being wrong or should I Say being looser .
In Trading people hate to loose , but in reality Trading is a Business of Managing losses Effectively
Trading is all about defining your risk and play the game according to it . Being a best looser will make you stand till the end and enhance your chance of winning the game in long term.
Please remember learn to loose Effectively first .
Thanks & Regards
While reading the book Phatom of Pits " , I Came Across this phrase "Best looser is long Term Winner " . This is so close to reality of Professional Trading .
I read hundered of articles on trading, every body is focus how to win in markets , how to make profit etc.. nobody ever concern about loosing ......amature trader looks for methods and tips that can give then 100% Trade win ratio . Some people boast of 100% trade win ratio with no loss gurantee .
Just ask your self ,can you find a Single human being who have never done any thing wrong in his life .
Great people achieve success because they learn fast from there mistakes , take feedback from it and not to repeat the same mistake again .
Thomas edison failed 10000 times in making a light bulb ......should you call him a looser ???
To make mistake is being human , humans tends to learn and progress from mistake , its not that
that Successful people never did mistakes in their life .
Trading is same as life , professional trader's make mistake , they learn , they adapt and they love being wrong or should I Say being looser .
In Trading people hate to loose , but in reality Trading is a Business of Managing losses Effectively
Trading is all about defining your risk and play the game according to it . Being a best looser will make you stand till the end and enhance your chance of winning the game in long term.
Please remember learn to loose Effectively first .
Thanks & Regards
Abhay Mehrotra
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