$$$ Good Loses
I took a worthy loss in the markets today! Yes! Worthy loss!
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I say this because it doesn't matter how amazing your technical analysis is, the markets will do what the markets will do and there's nothing you can do about it.
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You have to live with this axiom to be a Trader.
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It was a Friday which tends to be a little bit more chaotic, and the market was ranging which doesn't make for the most desirable area to scalp.
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The difference between success and failure is money management and your trading philosophy.
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I was playing with 50% less than what I normally play with and my stoploss was Tiny compared to the profits I stood to gain.
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I had multiple confirmations as usual, but it just wasn't my day.
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And that's okay. Every loss brings you closer to a winning trade when you stick to your personal trading philosophy and good solid risk management.
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Have a great weekend and if you are ever interested in attending one of our classes, it would be my pleasure to have you attend, complimentary. ❤🙏
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