Jesse Livermore, one of the greatest traders in the last century, has left with us with trading quotes that continue to stand the test of time.
While losing one or two trades is normal, losing five or six in a row can completely destabilise your trading. In fact, the most successful traders have more losing trades than winning trades in any given year. The key is to maximise profits on the winning trades and minimise losses on the losing ones.
The title may sound ironic but in reality, the fastest way to learn how to make money is actually by losing it.
Like in any good argument, there are certainly advantages to both. Let us dive into the argument and see what we may discover.
In today's financial marketplace, a well-maintained portfolio is vital to any investor's success.