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No revengeful Trading
Max daily lost
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After 3 years in trading, I finally have a deep enough understanding about risk control. It is an essential part to sucessful trading career.
the next important thing is about loss. I have known that loss is a part of this game, but I never truely know that loss is profit. Trying to avoid any loss will certainly cause the trader to miss profit. Taking every trade that indicated by the a winning system is necessary, any "smart" move will demage the performance of the system.
I'm not happy about the idea of a mechanical trading system, I know that most of successful traders have some own systems, and many of them begin with simple mechanical system. I also realize that it is not the only way to be successful, some good traders seem to rely on their improvisational judgement, which I think come from their experience.
I'm still working on this issue, try to figure out my own way of understanding these 2 different approaches.
