George Soros’s is ruthless while trading and that is the reason his style is unforgiving and he is always ready to admit when he is wrong and cut his losses. He further states that admitting one’s mistake is one of the key things to successful trading – he or she will be psychologically prepared to take action to reduce their losses without much delay.
The full quote related to George Soros Style of Trading is as appended below:
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”
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