This is one of the most overused, misunderstood quotes about trading of all-time. YOU CAN GO BROKE TAKING A PROFIT. If your losses exceed your profits because you take your profits too early, and your losses are either larger or more numerous then your profits, you will lose.
You must have a strategy that gives you an edge... if you don't know what the edge is then you probably don't have one.
This is one of the most overused, misunderstood quotes about trading of all-time. YOU CAN GO BROKE TAKING A PROFIT. If your losses exceed your profits because you take your profits too early, and your losses are either larger or more numerous then your profits, you will lose.
ReplyDeleteYou must have a strategy that gives you an edge... if you don't know what the edge is then you probably don't have one.