Managing losers is useless and as betting exchange traders we should only focus on managing winners. Find out how I can make make such a heretical claim!
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Trading is and always will be a game of controlling losses. The trader who has never had a loss, who brags that he has 100 winning trades in a row, is simply a bankruptcy waiting to happen.
Man of Mystery 937
Betting exchange trades depend on how well you answer one question. Everything else is commentary. There is no business more binary than trading.
Man of Mystery 793
Value bets? What do we really do as traders? When you strip away all the technical and fundamental data, all the market knowledge, all the bells and whistles of the latest software you end up with just one thing.
Man of Mystery 1,663
But always use a stop loss. It closes out a position or trade automatically should the price move a number of ticks against you.
Man of Mystery 1,019
What's better? Taking many trades that have a reward to risk ratio of 1 to 5 or taking many trades that have a ratio of 5 to 1?