“The best loser is the long-term winner” ...Middle East

This famous quote by “Phantom of the Pits” basically covers what trading is all about. The society trains us from our childhood that we need to do everything right and that we can’t make mistakes, but that doesn’t work in trading.Trading is not about being right, it’s about making money. Mistakes, losses, setbacks are all part of the process. As traders we can try to minimise them, but we can’t eliminate them completely from the equation.You might have heard another famous saying that goes like “cut your losses short and let your profits run”. This is another way of saying that when you see that your trades are not working out as expected, you should walk away from you positions fast. Conver

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“The best loser is the long-term winner” ...Middle East

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