I often think to myself how many traders are actually good and could make money? What if the main reason you're failing is because you use leverage the wrong way. I think every trader has made the mistake of over leveraging in a position when they think they see a really perfect trade. Now maybe they're right but as you know nothing is lined up 100% perfectly in trading.For example they may have saw a great support which they bought into ,but before moving up again the price drops more which resulted in a losing trade. If they have had the right position size it may have helped them be more patient. You often hear people say control your emotions when trading and I strongly believe that your position size will determine how your emotions will play in any given trade.
Disclaimer: These are just thoughts and random charts.
Quote of the day:“Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.” – Larry Hite
Trader Essentials from Amazon
1. amzn.to/2Vn1xG0 -Tylenol Extra Strength Rapid Release (LOL)
2. amzn.to/2VTvHzW -Encyclopedia of Chart Patterns
3. amzn.to/2PTJ7a0 -Apple MacBook Pro
4. amzn.to/2HaZGeR -OLLY Goodbye Stress Gummy,
Disclaimer: These are just thoughts and random charts.
Quote of the day:“Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.” – Larry Hite
Trader Essentials from Amazon
1. amzn.to/2Vn1xG0 -Tylenol Extra Strength Rapid Release (LOL)
2. amzn.to/2VTvHzW -Encyclopedia of Chart Patterns
3. amzn.to/2PTJ7a0 -Apple MacBook Pro
4. amzn.to/2HaZGeR -OLLY Goodbye Stress Gummy,