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4 comment(s). Last comment by Stock Prince (股票王子) 2021-02-23 20:13
Posted by Stock Prince (股票王子) > 2021-02-23 20:06 | Report Abuse
Agree with you.
Posted by Stock Prince (股票王子) > 2021-02-23 20:10 | Report Abuse
Oftentimes, traders have the right strategy but when minor losing streak comes(which is inevitable), they are unable to be disciplined controlling losses, they hesitate cutting losses and hold positions hoping it will recover, which can be called "disposition effect" in behavioral finance. Due to this, some got their capital and profit burnt severely.
Posted by Stock Prince (股票王子) > 2021-02-23 20:13 | Report Abuse
Small loss+small win; small loss+big win;big loss+big win; big loss+small win. I will avoid "big loss" at all cost as it will break a trader's career. When big loss comes "what does not kill him might not make him stronger".
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The Alpha Trader
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
wehcant
1,259 posts
Posted by wehcant > 2021-02-22 21:48 | Report Abuse
Trading turtle rules are still applicable today. In 1983, legendary commodity traders Richard Dennis and William Eckhardt held the turtle experiment to prove that anyone could be taught to trade. The answer is DISCIPLINE.