In most human endeavors to win is to succeed, but not in forex trading. Oddly many traders have winning records, yet still, manage only to break even or worse – lose money. That is to say; although they have more winning trades than losing trades – nonetheless, they come up empty.
When Mr. Jordan Lindsey, the founder of JCL Capital, says that it is possible to make millions of Dollars trading forex he is telling the absolute truth. However, you will not get there with a “negative expectancy strategy.” Any system a trader may devise must be able to yield a profit. Either that or you do not have a business – you have a hobby.
Most traders winning more than they lose only tells us that the majority can spot winning trades. All they need to do is to filter out the problem trades. They are like difficult employees, and you are the boss. As soon as they show signs of being weak producers or laggards you owe it to yourself to cut them loose.
Jordan Lindsey encourages traders to restate their goals daily. One of those goals needs to be to limit your losses. You can best achieve that by allowing your winning trades to carry as far as the trade winds will take them. While nipping your losing trades in the bud as fast as you can, and without hesitation.