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    Thread: The Raging Bull

    1. #681
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      ajagbeolegba is a jewel in the rough ajagbeolegba is a jewel in the rough ajagbeolegba is a jewel in the rough ajagbeolegba is a jewel in the rough ajagbeolegba's Avatar
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      Quote Originally Posted by Sixteen View Post
      Good for you mate. Instead of you trying to force yourself in an unclear market, it will be better for you to stand aside and sure make better plans to enter at a good chance. This is one good thing every good trader will do and in this business more opportunities will always come up which we can follow.
      You have said the right thing sir, it is good for traders to be patient till they see the clear market conditions. If the truth about the market is to be finalized, i think that most of the reasons why traders are losing is because of poor trading psychology. Not that; traders do not know how to trade, but they are trading under stress and emotion. That is making them to lose money. If traders are patient and use good trading system, they have nothing to fear.

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      Quote Originally Posted by simisola View Post
      Not bad, closing at a small gain is necessary sometimes, also we could as well wait for the price to come to our break-even point if we have a little hope of things turning around in our direction, you took a very bold step there though, it is highly commendable.
      hope is not good enough for a discretionary trader. Yes it can sometimes salvage something in bad situations but it makes one emotionally vulnerable. Cutting losses short is always superior to seeking a breakeven exit.

    4. The Following User Says Thank You to zarra For This Useful Post:

      MartyFish (11-22-2017)

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