A lot of what destroys traders is the confusion between what is the exception and what is the rule. The other day we exited our short position at cost after there was no follow through. But as soon as we exited, that follow through came!!! Nevertheless, we did this to protect ourselves from the rule of what happens more often than not. The fact that the market made us look silly on this occasion is of no consequence. It was just the exception. Don't mix this up, or you will get slaughtered.
The life and death of trading - Exception vs…
Sign up to like post
A lot of what destroys traders is the confusion between what is the exception and what is the rule. The other day we exited our short position at cost after there was no follow through. But as soon as we exited, that follow through came!!! Nevertheless, we did this to protect ourselves from the rule of what happens more often than not. The fact that the market made us look silly on this occasion is of no consequence. It was just the exception. Don't mix this up, or you will get slaughtered.
Create your profile
Only paying subscribers can comment on this post
Check your email
We sent an email to with a link to finish logging in.