Some important points to consider:

1) Gut feel without understanding leads to the trading of randomness.
2) Back testing without understanding leads to the trading of randomness.
3) Nothing substitutes for a reasoned understanding of how markets behave and a disciplined execution of trades that reflect that understanding.
4) From reading various books and blogs, I have noticed that the most successful market participants find a limited number of patterns that have favorable odds of success an…
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