If you attempt a challenge without a safety net, you have the possibility of serious catastrophe if you do not receive the results you expected. In trading, we strive to make high probability trades, however the market can turn against our well planned execution. If we do not have a safety net in place, we can experience an "Account Blow Out". The successful trader always plans properly for all possibilities so that they will not be taken out of the game and lose the opportunity to trade again.
The Mind of a Trader
The Power of a Safety Net
Wed, Apr 23 2008, 15:36 GMT
by
Steven Croft
- Trading Metro
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