Something To Think About...

So you made a trade and it was highly profitable, either by luck or your own analysis or you stole the idea from an internet guru.

Ok, maybe you made a string of 5 profitable trades in a row.

Can you claim victory? Too premature. You still got alot more trades to make for the year. Most traders make several hundred trades per year. By year end, all the losses are tabulated against the gains.

So how are you managing all of these trades? You could make a wrong move on one big trade and it could set you back a mile.

Or you could make many profitable moves, but because they were such tiny plays they did not affect your overall return. What a waste of time, right?

Oh, what to do, what to do....

Are you seeing that there may be something even more important than just picking which stock to trade everyday?