We often hear in the trading industry, "cut your losses short and let your profits run," which is basically Trading Education 101. Despite the fact that the advice is sound, many investors continue to ignore it. That is, selling a trade after a small profit and seeing it climb as soon as you exit. Or holding a trade with a small loss and watching it fall even more.
The aim of trading, as Josh points out, is not to totally prevent losses. It's to keep the losses to a minimum. What distinguishes great investors from the rest is their ability to predict a financial loss before it becomes uncontrollable.
Despite the obvious logic of cutting any losses short, many small investors are nevertheless left high and dry. Josh, on the other hand, can teach you how to manage your trades so that your wins exceed your losses. Find out how he does it today!
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