From Reader Angel:<\/p>\n
When you refer to “One Good Trade, then another One Good Trade, then another” does this imply that new traders should never have multiple positions on at the same time, but should instead focus on one position (i.e. One Good Trade) at any given time? After the trade is over, then move on to the next “One Good Trade”… etc… <\/p>\n
I’d appreciate some clarity on this.<\/p><\/blockquote>\n
Bella Responds<\/strong><\/p>\n
For a new trader, meaning someone with less than three months of experience, one position at a time may make sense for most. When you first start you should learn how to trade, build from a positive base and crystallize your trading fundamentals. This stage shouldn’t be about your P&L, it should be about your learning.<\/p>\n
The principle of One Good Trade and then One Good Trade and then One Good Trade does not mean you cannot have multiple positions on at the same time. You can enter a fundamentally sound trade, place a stop and then search for another, place a stop, and then search for another. As long as each trade offers a favorable risk\/reward then you are doing the right thing. <\/p>\n
Learn to judge your trading based upon the process and not necessarily your results. One Good Trade and then One Good Trade and then One Good.<\/p>\n