Trading Success Starts with Strict Rules on Cutting Loses and High-Probability Setups

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Now, how many of us here, as traders, have 
followed a chat room, a Twitter, or a friend into  

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an idea that we knew was not a high-probability 
setup for our own trading style? Now,  

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we all have different trading styles here. What 
works for you may not work for me. Personally,  

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I’m a terrible long-biased trader. If and when I 
ever do go long, I take profits extremely fast,  

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knowing that, a lot of times, profits 
can just get away from me pretty quickly.

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I don’t have the patience nor the conviction, you 
know, to hold them. That’s why, month after month,  

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year after year, I personally get 
more strict about the trades that  

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I place. I probably place half the number 
of trades I did maybe just five years ago,  

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but I make way more money. Why? Because 
I trade the high-probability setups.

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Setups I know I’m going to be profitable 80 
to 90% of the time. I like to use size with  

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those trades, and I have very strict 
rules when it comes to cutting losses.