Thought Moment

The goal of practicing trading isn’t to be right every time. It’s to lose less than others when you’re wrong, and to hold longer than others when you’re right. Forget the fancy indicators and charts — it all comes down to just two things: • Lose less when you’re wrong • Hold longer when you’re right Losing less is a survival skill. Holding longer goes against human nature. First, train your eyes to tell the difference between a sideways market and a trending market. Then: When the market is sideways — take profits quickly, cut losses quickly. When the market is trending — sit still and let your profits run. But remember: holding without protection is just gambling. Holding while gradually trailing your stop loss up — that’s real skill.