3-Profit Potential

trading-profit-potential

Trading is a business of probabilities and reward vs risk. Ever wonder what your profit potential is? Click on the above link and download the excel file. It may open your eyes to the power of probabilities and help you to use and keep stops. Trading is not about being right all the time. It is about entering trades when you have an edge and getting out with a small loss if and when you are wrong. Even the best set-ups can and will be wrong. It is also equally important to let your winners come to fruition. Don’t close out a winning trade just to get back even. Remember, that last losing trade you had has absolutely no bearing on the current trade. Let your winners ride!

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