You can't be afraid to cut bad trades!

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Uploaded by on Jan 25, 2012

Please visit the accompanying blog:http://tradersbud.blogspot.com/2012/01/5-deadliest-words-in-trading.html. A successful trader must be able to trade with consistent discipline even when it hurts.

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  • @Biddymc Oh yeah because eventually You outsmart the market and You win (^_^). But don't give up because then You never know what great things You are capable of ! Consistent Discipline combined with a good trading system is key **

  • To be honest I am still struggling a little, but I'm not going to give up.

  • @Biddymc lol, probably not as much as I have, that's how I know it doesn't work.....lol, but I am, glad that we are much better now (^_^)!!

  • Yh I lost a lot of money holding on to bad trades

  • @amarr84 I think that is a good idea, if the timing is right the trade will work out, if not the market will let You and You will be able to preserve Your wealth for the trades that do work out in Your favor, but the way thanks for Your humbling words this early morning (^_^)! Don't forget to move your stop closer to Your TP as the trade moves in Your favor to be sure to lock in some profit.

  • absolutely love your video , thanks again, I got stopped out few times. one question, I keep my stop loss around 5pips or below/above previous candle.. What do you recommend..thanks my coach :)

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