Mastering Risk set-ups and entries. Part of trading for a living is accepting a calculated loss, it’s simply a part of the trading game. New traders need to come to terms with handling a loss both financially and emotionally. Being a good loser helps create a winning trader as there is much to learn within a loss - it’s your teacher, that is if you’re using your eyes and ears. The reality is generally that the new trader will have more losses than a professional trader who has been trading for a living.
Original text: ASX CFD’s Trading Managing Risk Scaling Or Pyramiding - Also Elliott Wave Fibonacci