Sentences with phrase «wrong about the market direction»
Losing a trade or being wrong about the market direction doesn't mean you're inferior in any way.
http://www.learntotradethemarket.com/ Not exact matches
This is an important point to consider as a trader, because as traders one of the things we have to learn to deal with on a regular basis is losing, A.K.A. being wrong about the direction of the market.
As I will show you below, you can be wrong more often than you're right about the direction of the market and still be a profitable trader.
About the only bet I am willing to make is to bet that whatever call I make on market direction in 2009 will be wrong.
When you lose on a trade there are two things that happen; 1) You lose money, and 2) You are wrong about the direction of the market.
We have to learn that both losing money and being wrong about the direction of the market on a trade are both just «part of the game».
Lost in the bull market euphoria is the reality that economists have been dead wrong about the direction of asset prices, particularly bond prices.