** Trading Tip **
Do what the 90% doesn't do, and don't do what they ALL do.
You've all heard it before, more than 90% of traders who attempt trading never become profitable long term. One of the reasons for that, if not the biggest reason, is that they add to losers and take profit quickly on winners.
New traders find it very easy to add to losers but extremely difficult to add to winners.
Find a way to ADD to winners in a careful/smart/strategic way. Find a systematic way to get out/cut losers.
This advice sounds simple on the surface, yet it goes against our built-in human instinct on a very deep level.
#AddingToWinnersWorks
#TradingTips