The great trading secret we all know has not been fully accepted by the average trader. There is no Holy Grail system, and each and every single trading strategy has its losing streaks. That’s the truth, no matter what dream sellers will say. As soon as we accept losses being part of the trading business, we now focus, not on avoiding or eliminating them, but we learn how to become a successful trader incorporating losses in our business plan. Early in my career, I started trading in a prop trading firm (I won’t disclose the name here), and as a novice trader I my daily maximum loss was $50. We were required to lose ... (full story)