There’s one thing about trading that many people still don’t understand.
In fact, predicting whether prices will rise or fall isn’t the most important thing. Managing your position is even more important.
That’s why many teachers who love analyzing price movements can’t hold their own once they start trading for real.
Analyzing price movements is actually quite easy. If you’re a regular reader of these articles, you could learn it in just a few days too.
But if you want to keep trading for real, you’ll find that predicting whether prices will rise or fall really isn’t that important.
For example, you might often get stopped out, but if each loss is only 1% of your capital,
and every so often you make a profit of 50% of your capital,
then you’ll understand that predicting price movements really isn’t the key.
In fact, predicting whether prices will rise or fall isn’t the most important thing. Managing your position is even more important.
That’s why many teachers who love analyzing price movements can’t hold their own once they start trading for real.
Analyzing price movements is actually quite easy. If you’re a regular reader of these articles, you could learn it in just a few days too.
But if you want to keep trading for real, you’ll find that predicting whether prices will rise or fall really isn’t that important.
For example, you might often get stopped out, but if each loss is only 1% of your capital,
and every so often you make a profit of 50% of your capital,
then you’ll understand that predicting price movements really isn’t the key.
