The reason why it can seem so hard to make money as a trader, is best summed up by the following paradoxical statement by Ray Dalio in the book Hedge Fund Market Wizards (Ray is the founder of Bridgewater, the world’s largest hedge fund):
“In trading, you have to be both defensive and aggressive at the same time. If you are not aggressive you will not make money, and if you are not defensive you will not keep money.”
It is trying to balance being aggressive enough to make money while being defensive enough to keep the money you’ve made that is the most basic problem a trader faces in the market. Today’s lesson will give you some tips on how to keep the two in balance so that you can not only improve your chances of making money in the market, but more importantly, not giving that money back to the market.
The post The Great Paradox of Trading first appeared on Learn To Trade The Market.
Original source: https://www.learntotradethemarket.com/blog/the-great-paradox-of-trading
