Scraped on 08/07/2025, 00:43:01 UTC
There are traders that have a good strategy that they use in the market, but still are unable to maximize profit they make.
I think that success in trading is in two parts, which is first
- First having a strategy, then secondly
- Secondly knowing how to utilize the strategy to profit well.
After learning the first, it is important to learn the second else you will be a trader with a strategy that should work, but no profit to show for it. When you hear of traders who were successfully able flip small account sizes to big ones in a short time, it is not just because of their strategy alone, it is also due to understanding of how to maximize profits and minimize loss.
Original archived Maximizing profits, a skill every trader should know.
Scraped on 08/07/2025, 00:38:19 UTC
There are traders that have a good strategy that they use in the market, but still are unable to maximize profit they make. I think that success in trading is in two parts, which is first having a strategy, then secondly knowing how to utilize the strategy to profit well. After learning the first, it is important to learn the second else you will be a trader with a strategy that should work, but no profit to show for it. When you hear of traders who were successfully able flip small account sizes to big ones in a short time, it is not just because of their strategy alone, it is also due to understanding of how to maximize profits and minimize loss.