$TAKE IF YOU’VE BEEN LISTENING TO ME, YOU’VE EITHER MADE A PROFIT OR LOST MONEY!
Both are the most important things in this market opportunities always arise, but avoiding losses is another matter entirely; once you’ve wiped out your capital, there may be no coming back.
That’s why we’re emphasising the importance of setting a stop-loss. If you lose 50 per cent of your capital, you’ll need to make a 100 per cent profit just to break even.
This ratio means that if you’re 90 per cent in the red, you’d almost need to make a 1,000 per cent profit to recover so you must be careful.
Both are the most important things in this market opportunities always arise, but avoiding losses is another matter entirely; once you’ve wiped out your capital, there may be no coming back.
That’s why we’re emphasising the importance of setting a stop-loss. If you lose 50 per cent of your capital, you’ll need to make a 100 per cent profit just to break even.
This ratio means that if you’re 90 per cent in the red, you’d almost need to make a 1,000 per cent profit to recover so you must be careful.
