Steve Griffiths
01-10-2006, 12:36 PM
Hi Everybody,
There are very few software vendors who actually trade, as such undestand that losing trades can and do happen. At MTPredictor we are differnt. When I can, I actually trade myself using the MTPredictor techniques, and today I woudl like to share a losing trade.
Yes, losses can and do happen, however very few people can deal with them because they are not traders themselves. Losses are good as long as they are kept small, which is exactly what this loss acheived.
As long as you make trades where the losses are small (as you can never avoid them) and the profits are large, then you are on a solid foundation to a succesful long-term trading approach to the markets...... Understanding this is the real "Holy Grail" of trading :)
Steve
There are very few software vendors who actually trade, as such undestand that losing trades can and do happen. At MTPredictor we are differnt. When I can, I actually trade myself using the MTPredictor techniques, and today I woudl like to share a losing trade.
Yes, losses can and do happen, however very few people can deal with them because they are not traders themselves. Losses are good as long as they are kept small, which is exactly what this loss acheived.
As long as you make trades where the losses are small (as you can never avoid them) and the profits are large, then you are on a solid foundation to a succesful long-term trading approach to the markets...... Understanding this is the real "Holy Grail" of trading :)
Steve