December 24th, 2008
The First Loss (12 of 26)
Written by
Kirk |
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The first loss is usually the smallest and least painful. When you know that the trade is no good it is best to get out ASAP, do not hesitate or delay or try to think It through just close the trade. It has been said that it is never a loser until you get out. It will come back. Once these phrases are stated, it is an affirmation that the trader realizes that the trade is no good, it is not coming back and it is time to exit.
Tags: be a better forex trader, close the trade, disciplined, Disciplined Trader Series, Emotions, first loss, fores trading tips, loss, smallest loss
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