It's a great weekend today in the Philippines, the summer is over it's started to rain a bit during afternoon and making the temperature lower compared from the summer heat of April and May.
Ok for today I would like to share what George Soros said about his trades. He said that "What's important is how much money you make when you're right about a trade, and how much money you lose when you're wrong.
It's a good lesson for us on telling us that any trade system will produce a good return if we know how to cut our losses when the trade is not profitable, and we know when to be aggressive when the market is moving in our favor. No matter how many losing streak we had, and when the time the trade is profitable we they are monster.
Let's take a look again in our equity curve.
As you can see the equity on average moves in an upward direction, but it's not moving on a consistent winning streak. It's moving up and down, winning and losing.
But the trading system and money management are so aggressive when the market is moving in our favor and know when to cut our loss when the trade is not profitable.
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