Thought Moment

The goal of mastering trading isn't to be right all the time. It's to lose less than others when you're wrong. And to outlast others when you're right. Throw out all the complicated indicators and charts — it really comes down to just two things: • Lose less when you're wrong • Outlast longer when you're right Losing small is a survival skill. Outlasting goes against human nature. First, train your eye to tell the difference between a sideways market and a trending market. Then: When the market is sideways — take profits fast, cut losses fast. When the market is trending — sit on your hands and let your profits run. But remember: holding without a defense is just gambling. Holding while moving your defense up — that's real skill.