Dapo willis

Trading Vs. Gambling Difference:
Learning From Past Mistakes 
Another key difference between gambling and profitable 
trading is that profitable trading allows you to learn from 
past mistakes while gambling doesn‟t.
Mistakes in gambling can be recurring because your stakes 
are based on hope and luck, which is not repeatable.
Chances are you'll keep making the same mistakes even if 
you try a different approach, and end up with the same 
losses. In trading, mistakes are seen as lesson learned, not 
setback.
One of the most common mistakes traders always make is 
holding trades for too long without closing partial profits. 
Most professional traders are usually guilty of this. 
Most times, the financial markets will always move based on 
your anticipation but that doesn‟t mean it will give those 
sweet pips without a fight. 
At any point, always ensure you are closing a portion of those 
profits. Here's an example using GBPUSD: 

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The Millionaire Trader's Handbook 
Page 16 
As shown in the chart below, price broke the neckline of a 
double top formation, with the potential next-level target for 
price being the support zone as indicated by the yellow bar. 
We all know that the characteristics of a downtrend are lower 
highs and lows.

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The Millionaire Trader's Handbook 
Page 17 
As you can see in the image above, price has formed lower 
highs and lows indicating a strong bearish move. The next 
level profit target is at the support region. 
So we open our MT4, place our stop loss order and take 
profits as anticipated with 0.10 lots open. A few moments 
later, we open up our charts and see that we are in profits, 
are happy and go chill. 
However, when we return and reopen our charts, we can see 
something different from what we anticipated. Price couldn't 
fulfill our analysis which resulted in a reversal, and took us 
from a profit to a loss. 
What am I trying to derive from this point? We didn't take