What lessons did you learn in 2017 that improved your trading?
- Thread starter rin4et
- Start date
Trade what you see -- and think -- with supporting loose logic and rationale behind it.
Trading is a dynamic...part art, part science activity. To think you can simply, blindly follow a tracing line up and down to riches is silly and naive, a bit.
Trading is like a mystery, suspense, thriller movie...it gives you tiny, subtle hints along the way to who may have done it, mixed in with a host of many other factors designed to throw you off...that is only clear and obvious in hindsight. But hindsight ability never pays.
But the great thing about trading, unlike gambling, is you can be completely wrong...but still reap great rewards. Your fate is not an all or nothing deal with the next turn of the card.
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Ditto Ditto Ditto, your supporting logic is your conviction, which then determines size, position risk, etc.
In addition for me, I customized my own risk system, that works with how I trade.