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    and lose the war.” Same thing.

    Most traders tend to focus way too much on entering a trade, and not enough on making sure that all contingencies have been accoun

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    We all like to have control, especially when our own money is involved. Of course, without some control over our money, we might as well give it all away and move to a cave in the Himalayas and work on our enlightenment.

    You would not be reading this if those were your plans. Still, if we were to find one of those mythical wise men on a mountain top, you’d be well advised to take this piece of wisdom to heart: “Your trading account will grow not because you pick great entry prices, but because you know how to exit a position.”

    Well, OK, maybe the man on the mountain might not put it this way, but you’ve probably heard the expression, “Win the battle and lose the war.” Same thing.

    Most traders tend to focus way too much on entering a trade, and not enough on making sure that all contingencies have been account

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    cave in the Himalayas and work on our enlightenment.

    You would not be reading this if those were your plans. Still, if we were to find one of those mythical wise men on a mountain top, you’d be well advised to take this piece of wisdom to heart: “Your trading account will grow not because you pick great entry prices, but because you know how to exit a position.”

    Well, OK, maybe the man on the mountain might not put it this way, but you’ve probably heard the expression, “Win the battle and lose the war.” Same thing.

    Most traders tend to focus way too much on entering a trade, and not enough on making sure that all contingencies have been accoun

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    men on a mountain top, you’d be well advised to take this piece of wisdom to heart: “Your trading account will grow not because you pick great entry prices, but because you know how to exit a position.”

    Well, OK, maybe the man on the mountain might not put it this way, but you’ve probably heard the expression, “Win the battle and lose the war.” Same thing.

    Most traders tend to focus way too much on entering a trade, and not enough on making sure that all contingencies have been accoun

    Secured Loans Risks: A Myth?
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    se you know how to exit a position.”

    Well, OK, maybe the man on the mountain might not put it this way, but you’ve probably heard the expression, “Win the battle and lose the war.” Same thing.

    Most traders tend to focus way too much on entering a trade, and not enough on making sure that all contingencies have been accoun

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    and lose the war.” Same thing.

    Most traders tend to focus way too much on entering a trade, and not enough on making sure that all contingencies have been accounted for about how to EXIT a trade. This is because we have a great degree of control about entering a trade. We like that control, so we focus on those parts of trading that give us this feeling of control.

    On the other hand, we have very limited control once we are in a trade. A stock trading position may move in our favor, or against us. Without a clear plan, THAT IS LAID BEFORE WE ENTER THE TRADE, we are now easily tempted to get lost on an emotional roller coaster ride. Usually emotional decisions are less likely to work out as well as well executed plans.

    As an example, the market rewards a carefully placed stop loss, but punishes raw panic.

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