Personally- I would much, much rather have a loss than a win.
A loss - gives you a lesson but apart from money - a win gives you nothing.
A loss - gives you a lesson but apart from money - a win gives you nothing.
No macro - no trade
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DislikedA loss - gives you a lesson but apart from money - a win gives you nothing.Ignored
Disliked{quote} That can be true, but not necessarily. A loss that gives you a lesson implies things could have been done differently. That assumes the outcome was knowable, and it often isn't. Nobody can predict fat finger trades, terrorism, earthquakes, etc. So, it's not uncommon to do everything right and take an L. That said, a lot of valuable information can be learned from studying losses. If you're a discretionary trader, odds are a mistake was made that you can learn from. If you're an algorithmic trader, you can evaluate if the loss fell within...Ignored