No pain no gain
How’s about a £5000 loss in a matter of minutes – yes that’ll be painful to most people. I’m sure you’ll read on – but learn from this. Let my pain be our gain. Too often traders talk only about strings of significant wins, and losses are under-represented. I break that ‘rule’ right here.
The annotated screenshot below shows how risk that one is blind to can cause pain. But I gain from the pain and I’m certain that it will enhance my future earnings. As I’ve said before mistakes are there to be learned from, and not to be repeated. Most demo accounts do not allow unlimited access to share-trading, so this kind of mistake below may not be learned early on. It’s only when you do live trading with real money that the business actually comes home.
The natural bias of price direction
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The nature of expectation in financial trading
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