Lessons from my trading journal #1

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  • Missing a true opportunity due to lack of vigilance, persistence, and preparation can be as harmful to your full cycle P&L as taking unnecessary large losses.
  • Automaticity, coupled with experience is the difference between master and novice. Get there through practice, contemplation, and absorption of patterns.
  • Invest in proper form and technique. Having a learned discipline, fluidity, and focus in one area, the mind then has a foundation for advancing to more challenging areas with a sense of structural familiarity.
  • Mounting danger signs should be noted and heeded and risk control for the sake of avoiding severe losses is half the battle if not two-thirds of it.
  • It’s rarely a mysterious technique that drives us to the top, but rather a profound mastery of what may well be a basic skill set.
  • Profitability over an extended cycle will be the cumulative result of good decisions made and bad decisions avoided on a compound basis over time.
  • The more that form and technique are perfected, the more that proper reaction becomes intuitive.



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