Do you trade to make money or to maximize profit?
Do you trade to:
- make money or
- to make maximum profit?
Interesting.
After a lot of discussions about this topic my friends answered, its 2:1 in favor of making money vs. maximizing profit. I think the responses reveal a mental status not oriented to win by default.
So, who will explain all the fierce discussions regarding “superior” trading styles or techniques, as well as the self-deprecating topics about leaving money on the table, getting stopped out, etc?
Of course to answer that question you need to understand the subtle difference between making money and maximizing profit!
My guess, many traders are not being honest with themselves…
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