[FX] You should not strike to win, you should strike to avoid losing.
One should not strike with the aim of winning; one should strike to avoid losing
Words of a Six-Sixteen master in Makura no Soshi
It is said that rather than thinking about winning, one should play to delay loss as much as possible, to minimize losses
By reducing the reasons for losing, you naturally come closer to winning
Unbeatable technique20 years undefeated, the legendary gambler “Gokuhiken” Akira Sakurai Chosha, Kodansha
I think that in work as in life, 99% of “losing” is self-destruction.
That “most people destroy themselves on their own” is true not only in the world of competition but also in work, life, and society as a whole.
This happens because they do not do what they should do at the right time,
and end up doing unnecessary things.
In simple terms,those who seek “victory” carry elements of self-destruction in their motives and actions.
However,if you understand the meaning of “not losing” and can adopt the mindset and actions to avoid losing, you can at least avoid self-destruction.
50 billion tester’s motto: “If you don’t lose, you naturally win”
Beginners should focus on “how to minimize losses” rather than on making profits.
Even if you end up with no positions, in the current market that is by no means incorrect.
Eliminating the factors that cause losses leads to future wins.
“If you don’t lose, you naturally win”
is what that means.
Day trading Oliver Velice, Greg Capra, authors, Nikkei BP
Winning is not the true measure of a winner.
There is only one professional metric, and that is a small loss.
No matter how lucky beginners are, their reality becomes clear when you look at the amount of losses.
Beginners cannot keep losses consistently small.
The mark of a winner is not how one wins, but how well one loses.
A professional’s way of losing is to keep losses small.
Please do not forget this concept.
The underlying message has value beyond imagination.
The New Market Wizards.Jack D. Schwager. Pangrill Co., Ltd.
In every trade, you must not take risk exceeding 1–2% of your capital.
(Depending on the approach, slightly larger numbers might be justifiable.
However, I strongly advise not to exceed 5%).
Before executing a trade, decide where to exit.
This rule is recommended by many traders I have interviewed.