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THE CANDLESTICK TRADING BIBLE
When you set your protective stop and your target, don’t never look
back, let the market tell you if you are wrong or right. This will help
you trade successfully out of your emotions.
If the market goes against you,
you will not feel good, it’s normal,
losing money can be emotionally painful,
it is our human nature,
nobody wants to lose, especially when it is about money, in the trading
environment, you have to think differently, and accept the fact that
losing is a part of the game.
Studies have shown that successful traders don’t risk more than 2% of
their equity on each single trade.
If you are beginner, don’t risk more than 1%. Don’t risk money you
can’t afford on a single trade even if the engulfing bar pattern you
identify indicates a high probability signal.
136
THE CANDLESTICK TRADING BIBLE
No
matter how smart you are, you have to think always in term of
probabilities, bear in mind that you can
experience series of losing
trades, and if you risk too much money, you will not survive longer.
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