Many times I will focus on the amount of potential profits when I take on a trade! Risk will always be the second priority. This goes against the principle of a trader, whose task is to trade right and minimize risk! Counting paper profits is like counting chickens before they hatch. It is day dreaming and self entertainment! Trading right means 100% focus on the risk for each trade, the probability this trade is going to work out, the entry point, and most importantly the exit point. Exits are where profits are made, not entry! Capital preservation rules... be it investing (think Warren Buffet) or trading.
Focus on trading right and money will come
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