TRADING IN THE ZONE
5 FUNDAMENTAL TRUTHS OF TRADING
1. ANYTHING CAN HAPPEN
2. YOU DON’T NEED TO KNOW WHAT’S GOING TO HAPPEN NEXT
TO MAKE MONEY
3. THERE IS A RANDOM DISTRIBUTION BETWEEN WINS & LOSSES
FOR ANY GIVEN SET OF VARIABLES THAT DEFINE AN EDGE
4. AN EDGE IS NOTHING MORE THAN AN INDICATOR OF A HIGHER
POSSIBILITY OF ONE THING HAPPENING OVER ANOTHER
5. EVERY MOMENT IN THE MARKET IS UNIQUE
7 PRINCIPLES OF CONSISTENCY
1. I OBJECTIVELY IDENTIFY MY EDGES
2. I PREDIFINE THE RISK OF EVERY TRADE
3. I COMPLETELY ACCEPT THE RISK OR I AM WILLING TO LET GP OF THE TRADE
4. I ACT ON MY EDGES WITHOUT RESERVATION OR HEISTATION
5. I PAY MYSELF AS THE MARKET MAKES MONEY AVAILABLE TO ME
6. I CONTINUALLY MONITOR MY SUSCEPTIBILITY FOR MAKING ERRORS
7. I UNDERSTAND THE ABSOLUTE NECESSITY OF THESE PRINCIPLES OF
CONSITENT SUCCESS & THEREFORE, I WILL NEVER VIOLATE THEM
How does it prevent you from entering trades during ranging markets?
(please answer in the EA tread as Udine wants to focus on manual trading. Thank you)
funny if you didnt read this line in your quote as i said "can we have a separate thread for this EA " X-InvictusEA" perhaps"
