1 min readMay 1, 2020
- “Eat like a hen, shit like an elephant”. Retail traders want win large and lose small. This is evident from the tight stop losses they keep. Professional traders in the other hand don’t mind making small profits consistently with the risk of a large loss as long the probability of the large loss occurring is infinitesimally small.
- Following a process. Retail traders have no idea what they’re doing or have to do. Pro traders have a process that they follow to the letter. The process is a backtested strategy.
