Matt DeLong
How do I not lose money in trading?
Think of wins/losses in terms of football.
Your team scores 14 points, but you lose 7 points when the other team scores. At the end of the day, you are ahead when your wins exceed your losses, you win the football game when you have more winning points than losing points. Make sense?
You don’t “NOT LOSE MONEY”, you learn to live with it — risk taking is part of the game.
If you want ZERO risk, stop trading, risk is how you ”attract profits”. Take smart risks and minimize your losses.