In any profession, in life generally: Knowing When pays much more than Knowing How, especially in Markets. We all somehow know how to trade, but the WHEN is what differentiates an elite trader from an average trader. SEE & Listen yourself. That's what the MARKET NEEDS. I love this track.
Nihad's Blog
Trader's Lesson: Its RIGHT to b WRONG
- Yeah, its RIGHT to be WRONG about a trading decision.
- Cut your losses and walk out.
- Oh I hear you say, what I used to say to myself "Recursion to the Mean".
- There is nothing wrong about folding out.
- The ONE thing that is WRONG, is the Trade that follows. I call it the "REACTIVE" trade.
- The one thing I know about it, is that it was NEVER a Winner.
- So, its RIGHT to be WRONG ONCE a day, and not TWICE.