2 stops yesterday. 1 trade still running.
Not every setup works out. That's trading.
And that's exactly why risk management matters.
You don't need to win every trade. You need to make sure the losing trades don't hurt you enough to keep you out of the game.
As Paul Tudor Jones puts it:
“The most important rule is to play great defense, not great offense.”
Not every setup works out. That's trading.
And that's exactly why risk management matters.
You don't need to win every trade. You need to make sure the losing trades don't hurt you enough to keep you out of the game.
As Paul Tudor Jones puts it:
“The most important rule is to play great defense, not great offense.”