More you lose in a trade,the less objective you become

The more you lose in a trade, the less objective you become. Exiting a losing trade quickly clears your head and restores your objectivity. After a breather, you might put the same trade back on if you can intellectually justify it, but you have to constantly remind yourself that there’s a myriad of opportunities in the marketplace. By preserving your capital through the use of a stop, you make it possible to wait patiently for a high-probability trade with a low-risk entry point. – Marty Schwartz


Igor Marinkovic

Electronic engineer, futures trader and property investor and total beginner in making good web sites