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>> No.54608492 [View]
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54608492

>>54608396
>am I bad trader
Yes
>should I give up
If you want to stay a bad trader, yes
Be glad this lesson only cost you $900
Others lose far more before they learn not to be idiots

ALWAYS HAVE A PLAN
This includes your tolerated loss.
If you enter the trade knowing you can lose 10%, then nothing the market can do can hurt you, since you are already prepared for the 10% stop loss to trigger..

Don't change the stop later, don't adjust your targets later.

Stick to you plan.

Also, don't ever put more than 10% of your nw in one single trade.
That way, when you lose the trade, if it's a 10% loss you're only losing 1% of your total folio.

Get your mental game on point anon, it's the only way to make it.

First you will lose a lot of money.
Then you will lose a little bit of money.
Then you will make a little bit of money.

Then you will make a lot of money.

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