I am a huge golfer. Have been for most of my life and for a time was playing semi-competitively. Not professionally :), just some amateur stuff. There is one concept in golf that it extremely hard for a player to accept. You will make a bogey, often more than one, in every round. That is just a fact. Very rarely do even the best in the world play 18 holes of golf with no bogeys. Even the pros have come to accept that bogeys are inevitable. What they try to avoid is the big number, the 7 or 8. Those holes can derail a round and a tournament in the blink of an eye.
Trading is no different. I hate to be the one to break the bad news, but you will not win 100% of the trades you place. Losing trades are inevitable. They happen to even the best in the world. What each and every one of the best traders in the world will tell you though is that you cut your losses short. Nothing kills the career of a trader faster than the trade that blows up the account. If you keep your losing trades to a bogey, you live to fight another day. If your losing trade becomes a 7 or 8, you miss the cut and don't get paid.
All a golfer can do is hit the shot the way he wants too, the outcome is out of his control. In much the same way, all a trader can do is place trades according to the trading plan he/she has set up. The outcome of that trade is 100% out of their control. Stick to your trading plan and minimize those losses to bogeys.
Lots of sports happenings since the last post. I'll touch on some of that tomorrow.
Good night everyone.
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