For Episode 263, your host Rob Booker is solo-broadcasting from Paris, France. In this show Rob uses a set of articles that he’s been writing for Experts.ForexMagnates.com about cutting losses quickly as a launching point for his sentiments. Rob suggests that perhaps the practice of cutting losses quickly isn’t the Gospel truth that we’ve been told it is, and he says it’s often blasphemous to say so.
Rob talks about a friend of his who made $21,000 trading a counter-trend system. Then Rob discusses another friend who made $8,000, and he did not close all of his losing trades immediately. So, Rob gives some tips on how to trade in a different way, other than closing losing trades immediately. And Rob tells what he thinks makes a person “a professional trader,” including the specific trade size that a pro should take. Good stuff. Don’t miss it!
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