You can smooth your equity curve by trading two systems at the same time.
Although the rules are quite different, you can trade a long trend following model and short counter-trend system currently, for example.
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You make and lose with your position size. Make sure that you've built in enough room for when volatility expands.
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It's easy to compare yourself to other people based on what you see on the internet.
It's extremely hard to trade like another person, but it's easy to begin to feel inadequate if you're struggling.
The best thing to do is go at your own pace. Another trader's failure or success has nothing to do with you.
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If you're trading rules have positive expected value, you have a trading edge that is uniquely yours.
You should only trade when you know you can exploit that edge.
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In the short term, you can't know. The data are too random.
Up or down 10% tells you nothing.
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It's not about the chart pattern, it's how you trade it.
It's not about the mechanized system, it's can you follow it.
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You can avoid large drawdowns by eliminating suboptimal behavior.
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The most important reason to honor your protective stops.
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You can manage your risk today based upon what you think is going to happen in several days.
If you're stop gets hit today, it gets hit.
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Set goals and the discipline to go get them. Don't let the world happen to you and coast.
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Day after day, the market doesn't have any discipline which is why you must.
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Trading and chasing dopamine hits on social media.
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Hubris can be as detrimental to your trading as "revenge trading."
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You can use volatility as a "risk on / risk off" indicator.
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How do you want trading to serve you?
It's probably not just about the potential to earn money.
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Feelings aren't facts. The gut feeling traders have about an earnings announcement is where overconfidence shows up in their trading.
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I think prediction is more about being correct (and doing so publicly) rather than anticipating a move or a series of moves that make you money over time.
The latter is about expected values, not accuracy.
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Forcing the issue or forcing a trade rarely works out well.
It's a need for an emotional win, more than a financial one.
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You can inadvertently invite a lot of frustration into your life if you place your protective stops too tight.
You'll get knocked out of an otherwise good trade.
Stocks and commodity futures have a personality and you can't expect them to be something they're not.
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Protective stops preserve your capital and preserve your mindset.
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If you let the weeds bloom at the same rate of your flowers, you don't have a garden. You have a mess.
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Backtesting forces you to be objective and not selective and removes the "yeah, I would've put that trade on..."
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Short-term data are more random than upper time frames.
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Looking at the ratios between your winners and losers and the frequency with which they occur.
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