In the world of trading, there is no smooth sailing
It is all about rebirth in the face of despair, resurgence in failure
One must accept losses
Top traders have a win rate of only 40%-50%
But the risk-reward ratio is as high as 3:1
Resisting losses can lead to revenge trading, ultimately destroying the account
Accepting losses is a risk management strategy
Protecting your principal is essential for the opportunity for long-term profit
After a downward trend, wait for a sharp decline; after a sharp decline, wait for a stop in decline
After a stop in decline, wait for a reversal; after a reversal, wait to enter the market
After entering the market, wait for a strong breakout; after a strong breakout, wait for a pullback
After a pullback, wait for support
