Profit may depend on luck, but cutting losses definitely relies on strength! Profit may depend on luck, but cutting losses definitely relies on strength!
You may think that cutting losses is failure, but in fact, it's the only control you have in trading. Al Brooks tells you: profits depend on luck, but cutting losses is a display of strength. Learning to exit is the starting point of survival.
1. Profits depend on luck, but cutting losses is based on discipline, which reflects the trader's strength;
2. Cutting losses is not failure, but a strategy to control risk and prolong survival;
3. Do not fantasize that the market will accommodate you; you must actively adapt to the market;
4. The only thing you can control is the amount of loss, and you must implement a stop-loss mechanism;
5. Holding onto a losing position is not trading; it's gambling, and it will eventually spiral out of control.
