Does it Hold True Let your Winners run and Cut your losses

Today we will start discussion on widespread misconception that are floating around the trading community and gets lodged into traders minds. I have been talking to many traders every week, during our talks these misconception will finally come up. A lot of these are inaccurate and ineffective ideas,which lead traders into a cycle of bad trading habit and causes them to lose hard earned money in the markets to professional traders.
Lets discuses the one of  most erroneous trading belief many trader posses and hopefully after reading the lesson will be able to think differently.

1. Let your Winners run and Cut your losses.

We hear, read old adage "Ride on Winners and cut down your losses" . The same can be found on any trading book/website you come across. But this is very subjective term

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