If you keep doing the same things over and over again, in the same way you've always done them, then you will continue to be the same person you've always been.
Most traders don't have a strategy problem.
They don't.
Trade too big, and every mistake gets amplified:
• Fear takes over.
• Discipline disappears.
• Good setups get ruined.
The fix?
Trade smaller until your execution becomes consistent.
The rules I built a 41-year career and a personal fortune on.
1. always use a stop loss
2. define your stop before you enter a trade
3. never risk more than you expect to gain
4. nail down decent profits
5. never let a good size gain turn into a loss
6. never average down
7. never get bold when running cold
8. Have a system that trades the largest when you're trading your best and the smallest when you are trading your worst.
9. As a trade progresses and improves, so does your worst-case scenario
10. Avoid style drift
https://t.co/JXzFFTmMtn
As you grow older, you begin to understand: your father was just a man trying his best with what he knew. Forgive him. He was living life for the first time, too.