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RE: Trading Strategy #1 - 3 Ways To Manage Risk
"No matter what your normal human emotions are telling you about winning more than you lose, DO NOT LISTEN TO THEM."
I agree %100 with this statement, i have been trading for about 15 years now and i still have trouble with my discipline. As each year passes i make small changes to my trading plan, sometimes good , sometimes bad. Sometimes profitable trading plans stop working for a while for no reason.
But risk management and self discipline in my opinion, are by far the two most important parts of trading (live to fight another day ).
Good post.
Thanks mate.
We're all in the same boat battling against our emotions here. Some people call having the ability to switch normal human behaviour on and off being a psychopath... we just know it as trading :)
Have a great day!