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Sustainable Trading in a nutshell:
STOP looking for strategies that work ALL the time. They dont exist. in fact there's only 1 and it's called inside trading, and it's fucking illegal.
Instead focus on strategies that work MOST of the time, and simply trade em with a decent RR.
STOP looking for strategies that work ALL the time. They dont exist. in fact there's only 1 and it's called inside trading, and it's fucking illegal.
Instead focus on strategies that work MOST of the time, and simply trade em with a decent RR.
in fact many of u fuckers already KNO profitable strategies. u're just not patient enough to see them play out over the long run, so the moment u see a loss, u discard them in search for the "next" strat. All in a vain attempt to avoid losses in a game where they're inevitable.
A GOOD strategy that shows you a loss doesn't mean it's time to discard or tweak it. It's just basic odds.
You dont discard a dice because you rolled a certain number thrice in a row.
you dont stop betting pocket aces in poker just b/c u lost a round with em.
You dont discard a dice because you rolled a certain number thrice in a row.
you dont stop betting pocket aces in poker just b/c u lost a round with em.
Same w/ trading. Dont sabotage a GOOD strat just b/c it failed a few times. The BEST setups often backfire. and that's a GOOD thing. If they didnt, they'd have a 100% winrate & would eventually stop working since the fuckers on the other side of the trade would eventually give up
Conclusion, stop chasing the holy grail. There isn't one. there hare hundreds of strategies in the stock market ALL with a profitable trading expectancy if executed the right way. Pick a few and stick w/ em. stop strategy-hopping each time u run into a loss.
#BearTipOfTheDay
#BearTipOfTheDay
