I remember having to educate the Gettysburg Address to my fifth grade class one year. I was met with heavy sighs, moans, groans, and disgruntled students. Before we dove into “Four Score and 7 Years Ago,” we did a little research on Abraham Lincoln.
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You will have an outcome you wish to achieve, and everything looks great in theory. Yet, most of us prefer to indulge our fantasies especially when it to be able to our trading strategies. We assume have got smarter than others, and our sheer brilliance often makes us hard earned money. Wrong. Therefore, write down everything may go wrong with your trading system. Be brutally honest and specifically critique what could blow your strategy to bits.
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They are patient to wait for the best opportunity get into the market. Entering the market impulsively or with no good reason is one thing must be avoided at all cost.
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