You can spend weeks stalking a chart and have the set up work perfectly, only to have the name reverse, sometimes in the same day.
You put all this work in and the name doesn't have the common courtesy to go up...
How do you feel about that?
For some of you, it can lead to disappointment or anger.
If that's the case, you can sometimes become derailed and trade on those emotions - whether you have systematized rules or not.
It's important to remember that we are guests at the market's party and we're lucky enough to be invited in the first place.
False breakouts and reversals don't care when you get long.
Sometimes the market is not amenable to your trading style.
It has nothing to do with you or your ability so you might consider not taking it personally.
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A trader can gun for 100% RoR, but at what cost?
You need to conjugate what you're doing with risk (and time).
Your open trade equity shows allocators the risk that you're taking for the returns your endeavoring.
Most allocators are looking at daily vol and risk-adjusted returns.
If your ethos is to chase hero-sized returns, you have to know that those are often a result of good timing.
And if you continually trade too big, it will catch up with you - it's just a matter of time.
Slow and steady wins the race.
Know what you're trading for.
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Commodities are cyclical whereas equities are secular.
You can take advantage of that cyclicality by trading seasonally or by trading commodity spreads.
When you combine that with good risk management and maybe some trend following tactics, guess what happens?
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