thread: Do you manage losers and let your winners run?

quote trading is math and nothing more! The computers are incredibly proficient at math(calculations and speed) as soon as you provide them organized problem to address. And we the humans are good at pattern recognition. We're not very fast, but we have the unique ability to connect the dots in the sea of random variables. We also have the capacity (instinct ) to feel danger.

I disagree with everything you have written.

Trading is over a maths problem

People see patterns in all and Many patterns don't repeat themselves in the Future

The capacity to feel danger averts noobs from becoming profitable

Trading is more than a maths problem

In Jack Schwager's Market Wizards books, a few of the interviewees (quants) see trading as a lot more of an exercise in crunching data using data, and expectancy mathematics; while others see it as more of a nuanced art. Therefore I believe that you could argue a case in any event. Of course you still want the personal qualities (patience, guts, discipline, self-belief, etc ) also.

quoteTrading is more than a maths issue

Daily price movements cannot be fully reduced to some quant math models.

quoteThe ability to sense danger prevents noobs from becoming profitable

That is true for noobs and veterans too.

Forex Trading is your best way to create some good money online, but we need to focus on losses and profits rather than only on the profits.

It is dependent on any entry. There is a reason. And I consider lots of things to determine whether to run or close. Market condition, risk reward ratio, my target, why did I choose the entrance, by considering all those I take decision.