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Thursday, February 23, 2017
Unproven setups, IMPATIENCE, Chasing and FOMO
Further, I love the 90/10 rule for traders. 90 percent of your effort is spent each day focusing on your existing trades with edge. 10 percent is spent on experimenting with new setups, with small risk. Record your results on these new setups and size up those working for you. A consistent effort to expand your trading PlayBook allows you to trade with edge in more market environments. This minimizes forcing trades when market conditions change. For example, if you have Market Play edge, you might have been less likely to force Low Float trades this past week, thus minimizes a negative effect of overconfidence. - Mike Bellafiore
Post in progress...
Post in progress...
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