Taking a LOSS versus a LOOSING Trade

3 months ago
7
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There is a big difference between taking a loss and being in a losing trade.
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Taking a loss is par for the course in being a successful trader.
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A losing trade is not!
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A losing trade denotes that you were hoping and praying that your trade was correct. A losing trade is when you move your stoploss. A losing trade is when the market is going against you and rather than exiting out, you stay in the trade hoping and praying that it will turn around.
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Take the loss and live to trade another day.
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*** THIS IS FOR ENTERTAINMENT PURPOSES ONLY AND IT'S NOT MEANT AS PROFESSIONAL ADVICE. I NEVER GIVE INVESTMENT OR FINANCIAL ADVICE. TAKE RESPONSIBILITY FOR YOUR ACTIONS ALWAYS ***

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