Reply To: Do you want to be right or make money?

The Lazy Trader Forums Lazy Trader Online Trader Community The War Room Do you want to be right or make money? Reply To: Do you want to be right or make money?

#5920
Daren Steven
Participant

Hi Cris
Just my opinion

From where I am and my capability as a trader I would never hedge against the advice of Rob I would close and change direction, even if he was wrong on this occasion it would make no difference to how I think about his advice, I would still follow.

However if you are an experienced trader and trading is about probability I accept Rob will be wrong maybe 30% of the time so would you need to hedge. The trade was a potential high probability not a guarantee so if you have already taken a contradictory trade stick with it as on the balance of probability you may be right.

Cheers
Daren

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