The Profit's In The Details by Bryan Babcock
ARTICLE SYNOPSIS ...The Profit's In The Details by Bryan Babcock
Minimize the effects of greed with the trader profit equilibrium equation.
For many traders, success always remains just around the corner, just a step away. All too often traders allow one bad trade to ruin their day. Or perhaps one bad day ruins the week or even the month. These are symptoms of a trading strategy that, while it may appear to have what it takes for a successful strategy, is doomed to fail.
Most traders focus their energy on the trade setup or entry, concentrating too little on actual trade management or the exit. They want to hi...