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Every Trader’s Most Common, Costly Bias

From dailyfx.com

Talking Points: The “#1 Account Killer” for Traders How to Leave Opinions Out of it In trading, even a viable plan is no guarantee of success. We all need to realize upfront the cost of not being patient and disciplined before coming to the realization that the method is not the problem, we are. A wrong thesis can easily lead to unnecessary drawdowns, which occur regardless of whether or not you have sound method, but there can be a simple solution for avoiding that problem. Always Beware of a Thesis Having the wrong thesis is perhaps the number-one account killer for traders. More often than not, a person has a ... (full story)

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