Be 100% Right

This is the second in a series of articles started September 25, 2006 entitled "Hate Losing?"

Don't like losing? Then let yourself be 100% right all the time. To do that you have to view all trades as winning trades.

If you exit a trade and it increases your account balance, then you had a winning trade and you were right.

Also, when you SUCCEEDED in executing a stop loss on a trade that reduces your account balance, you were also right! You were right to execute that stop loss. Otherwise, your account balance would have been reduced by an even larger amount, possibly by an amount that disables you from further trading! Therefore, you were 100% right to get out of that position!

Yes, have it both ways. It certainly makes me feel better and enables me to trade more confidently knowing I’m ALWAYS 100% right.

We'll chat again soon ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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