The Trading Coach Podcast 1151 - Why Technical Analysis Is Important & How To Benefit From It
6 snips
Apr 20, 2025 AI Snips
Chapters
Transcript
Episode notes
Market Is The Opponent
- Our main opponent in trading is the market itself, not other traders.
- Understanding and exploiting the market's behavior is key to consistent success.
Manage Trades With Patience
- Let profits run to their optimal level instead of taking early small wins.
- Manage losses carefully by cutting them early to protect your account from big hits.
High Win Rate Can Lose Money
- A trader who aimed to win 90% of trades lost money due to poor risk management.
- He took early profits but let losses run, wiping out gains despite a high win rate.