Proven Market Advice
There are some basic truths about investing in the financial markets, financial planning, and investment advisory services. For over 20 years, the professionals behind FEHRM Capital Management have been navigating markets, managing portfolios, and helping clients reach their financial goals.
You should never take a big loss, no matter what.
It's the golden rule of trading that any successful trader will tell you. Don't take big losses.
I have taken so many small losses in my trading career and you know what? I don't care because losers are an inevitable part of trading. What isn't inevitable is big losses because we can ensure small losses don't turn into big ones.
How? By selling at a small loss. You should really only have four outcomes while trading:
Big win
Small win
Breakeven
Small loss
That's it, big losses shouldn't be an option. If you program yourself to not allow big losses your success will increase exponentially.