Trader Radio

Ep. 12: Simple Truths of Trading for a Living

Informações:

Synopsis

My favorite Trading Maxims: It is better to finish something that is good than it is to never finish building something that was going to be great. Nobody cares about your amazing idea. Go build it. Stop talking about it. You can't be great at seventeen different ways to trade. You can't even be good at that many. Focus is greatness. You can accomplish all of your trading goals if you lengthen the amount of time you give yourself and reduce your trade size. If you chose your trading system because of how much it made in backtesting, your trading system is going to kick you in the crotch. Pick some settings that work ok and then start trading. If you don't have a plan for dealing with your trading system when it breaks, then you don't have a trading plan. At least 49 of your next 50 trading system ideas won't work. But you only need one to work. The only way to "get better at trading" is to practice dealing with losses, with real money, in your real account, with your real trading system. If you are "practici