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- #1
While making good profits in trading trader will get greed and to make millions in short time they will plan to use more leverage and get rich quick but due to high leverage they can’t afford much stop loss level if the trade starting going down they don’t stand a chance to survive and it’s enough to made a account zero.
I will explain with another example, in poker to get profit we will use all in option to steal the blinds. The attractive part of this option is if we won we will get the blinds money risk is we will kick out from the game itself so, it’s very important to survive in the game. Before taking huge risk always keep back-up plan so that you will always be in the game. If you survive in the long run automatically we will start making profit.
Psychology is very important in the winning/loosing.Unfortunately only few have a control on losing of trades those are considering as a winner in trading.
I will explain with another example, in poker to get profit we will use all in option to steal the blinds. The attractive part of this option is if we won we will get the blinds money risk is we will kick out from the game itself so, it’s very important to survive in the game. Before taking huge risk always keep back-up plan so that you will always be in the game. If you survive in the long run automatically we will start making profit.
Psychology is very important in the winning/loosing.Unfortunately only few have a control on losing of trades those are considering as a winner in trading.