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Ep. 2: 20 Rules for Trading
A companion podcast to the Tim Sykes Challenge.
For more information, go to:
https://challenge.sale
In this episode, we'll cover:
How to cut those losses
Before you can learn to win, you have to learn how to not lose
Trade at times of the day that most people don’t think about
You have to learn how to lose gracefully and quickly
Survival is the name of the game
You absolutely have to want it bad enough to close those losses
Why traders do not close losing trades - because they do not realize how fast they get it back
The psychological cost of holding losing trades
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By Rob BookerA companion podcast to the Tim Sykes Challenge.
For more information, go to:
https://challenge.sale
In this episode, we'll cover:
How to cut those losses
Before you can learn to win, you have to learn how to not lose
Trade at times of the day that most people don’t think about
You have to learn how to lose gracefully and quickly
Survival is the name of the game
You absolutely have to want it bad enough to close those losses
Why traders do not close losing trades - because they do not realize how fast they get it back
The psychological cost of holding losing trades