I'm an investment bank trader since 2012 and have been in the market since 2010. For the past 9 years, I have led multiple trading teams successfully and helped many traders achieve financial freedom and early retirement.
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2021-02-23 20:13 | Report Abuse
Small loss+small win; small loss+big win;big loss+big win; big loss+small win. I will avoid "big loss" at all cost as it will break a trader's career. When big loss comes "what does not kill him might not make him stronger".
2021-02-23 20:10 | Report Abuse
Oftentimes, traders have the right strategy but when minor losing streak comes(which is inevitable), they are unable to be disciplined controlling losses, they hesitate cutting losses and hold positions hoping it will recover, which can be called "disposition effect" in behavioral finance. Due to this, some got their capital and profit burnt severely.
Blog: Quarter Report Trading Strategy.
2021-02-24 08:03 | Report Abuse
Hope it helps your trading.