Thoughts about trading

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Creating a thread to post various views and thoughts about trading.

 

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A good trader has an edge.
The great trader is always developing edges for the future.

 

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"The successful trader does not base moves on what supposedly will happen but reacts instead 2 what does happen" -- Linda Raschke (Mkt Wizd)

 

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Confirmation and opportunity are two different sides of same coin, you wait for one and the other is gone.

 

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Trading errors!

Greed causes trades that are too big

Your fear exits winners too fast

Your hope holds losing trades too long

Stephen Burns

 

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The solution to most of our trading problems is discipline. Discipline to create a trading system & follow it with good position sizing.

Stephen Burns

 

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The more traders mature the less trades they take & the more profitable they become by avoiding over trading.

 

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Traders that have faith in themselves & their system have no need to debate anyone about anything. It’s a waste of valuable time & energy.

 

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When you do technical analysis, be careful not to project what you want to see on the charts, instead of opening your eyes to what is there.