Improving Trading – 4 Points
- Eliminate the potential that the market will disappoint you, think probabilities before executing a trade.
- Don’t look at a trade outcome as being right or wrong, but again in terms of probabilities
- When a pattern you know presents itself, trade it, don’t think, just respect your stops.
- When analyzing your trade, how much are you willing to put at risk to see if other market participants will come alongside your view. In other words, look first at the loss potential instead of focusing on gains.