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The problem with switching strategies - why you still loose money

I talked to a guy recently. A guy, who's been loosing money trading for over 7 years. Can you imagine this? 7 years of loosing money. But he's not giving up. He found a new strategy when the old one failed. So I asked him:
Ok, so why was your old strategy bad?

And he replied:
Well, because i started loosing money.

It was his only response. And the only argument for 'bad strategy'. He did likewise several times... Here's the thing - every strategy and every method is going to loose money at so…
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Take Profit Expectations

Every trader has to develop their own method because there are no rules to how much risk you can take and how much profit you want. Clearly your risk must be determined by how well funded you are and how much of your capital you will risk per trade including the funds necessary to withstand pull backs and spikes. The profit you want is rarely feasible and many traders want to try and get daily moves on a 5 minute time frame. This is neither reality or practical. You must trade with risk and a re…
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