On the other hand put two novices in the same spot and they will more than likely both lose. Trading above all the art of managing the unknown. That’s why a great traders always a good money managers.
Success in trading is contingent not only on your analysis but on your ability to properly manage your position. That is why the game is hard. To be a winning trader you must have capability as good analyst and excellent risk manager.The only way we’ve been able to control risk and at the same time participate in the market is by always cutting our position in half once a short profit target is met. No matter what anyone tell you, there is simply the way to know trade will be successful.
