Trader's Lesson: Its RIGHT to b WRONG
Trader's Lesson: Its RIGHT to b WRONG
- Yeah, its RIGHT to be WRONG about a trading decision.
- Cut your losses and walk out.
- Oh I hear you say, what I used to say to myself "Recursion to the Mean".
- There is nothing wrong about folding out.
- The ONE thing that is WRONG, is the Trade that follows. I call it the "REACTIVE" trade.
- The one thing I know about it, is that it was NEVER a Winner.
- So, its RIGHT to be WRONG ONCE a day, and not TWICE.
- Remember, the Market will be here tomorrow.
- What didn't work today, will work tomorrow, as long as objectivity is on your side.
- Play this song to remember that its "Right to be Wrong"