So-called trading gurus often claimed " Cut your losses early and let?
Its not inane at all, but you presumably dont understand it. The statement is an expression about risk management and discipline, which in reality are two of the most important elements of successful trading. As a futures swing trader, every trade I make has a defined entry point, target, and stop point. Cutting losses early means getting out of a losing trade with a minor loss., and not staying in the trade hoping that it will rebound in ones favor, and in so doing risk a much larger loss. L...