Winning is simply a matter of executing all of the trades as the strategies or patterns develop. Great traders have come to train themselves to think in terms of probabilities and not "certainties".
Why is thinking this way valuable?
A. No one truly knows how much is going to be made on any given trade
B. No one know with absolute certainty if a trade will win or lose
C. The ONLY variable that a trader can control is the amount of capital he/she will risk on each trade
Because of this I firmly believe that we as traders must always think in terms of how much we stand to lose.
"Winners think - how much can I lose, Loser think - how much can I win!"
Ponder these thoughts, implement them into your trading and you will be rewarded for it.
Trade Well,
Ernest Osias.
"We trade probabilities, not certainties...therefore we must always use protective stops." - Bill McLaren
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