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Right Way To Be Wrong In Trading

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http://www.netpicks.com/never-wrong-again/ - Read more

There are lots of reasons why a trader might not execute their trading plan properly and not wanting to be wrong is a big one.

If you have been trading for any length of time, you understand that it’s impossible to take winners 100% of the time and avoid all trading losses.

For those just beginning to trade, the fact that you will lose is a lesson in itself.

All data on your charts is historical which means you’re only able to assess what has happened already.

Everybody is perfect in hindsight.

As smart as you are you can never really know who is sitting ready to act and so a big trade or unexpected event can change everyone’s perspective of what a fair price currently is regardless of what has traded before.

Then there’s the fact that the market can make you wrong for a tick whether or not the concept for a specific trade was valid or not. Until you’ve closed the trade, you cannot be certain that it will achieve your profit target.

- See more at: http://www.netpicks.com/never-wrong-again/

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