Sébastien Fournier

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a losing trade can still reflect a correct trading decision. A losing trade that adheres to a profitable strategy is still a good trade because if repeated many times it will win on balance. There is no way a trader can know a priori which individual trade is likely to be a winner. Traders need to accept that a certain percentage of good trades will lose money. As long as a profitable strategy is implemented according to plan, a trade loss does not imply a trading mistake.
Market Wizards: Interviews with Top Traders
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