Normal
Being fooled by the randomness of the marketsWhen trading is going well, it's easy to fall into the trap of believing that your strategy is infallible. You start to think that all the effort you've put into developing your trading plan has paid off and that you've finally cracked the code to consistent profits. But the truth is, the markets are inherently random, and success in trend-following trading requires the ability to endure temporary setbacks while waiting for your portfolio to grow.The key to success in trend-following trading lies not only in being right but also in being patient. It's easy to get swept up in the excitement of a winning streak, but it's crucial to remember that the markets are inherently unpredictable and can shift rapidly. This is why a well-defined exit strategy is essential, as it helps to mitigate risk and ensure that you're prepared for any unexpected market fluctuations.Skate.
Being fooled by the randomness of the markets
When trading is going well, it's easy to fall into the trap of believing that your strategy is infallible. You start to think that all the effort you've put into developing your trading plan has paid off and that you've finally cracked the code to consistent profits. But the truth is, the markets are inherently random, and success in trend-following trading requires the ability to endure temporary setbacks while waiting for your portfolio to grow.
The key to success in trend-following trading lies not only in being right but also in being patient. It's easy to get swept up in the excitement of a winning streak, but it's crucial to remember that the markets are inherently unpredictable and can shift rapidly. This is why a well-defined exit strategy is essential, as it helps to mitigate risk and ensure that you're prepared for any unexpected market fluctuations.
Skate.
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