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"