Lessons from my journal #3

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  1.  Good patterns are self evident. If you cannot spot a pattern within seconds, you are likely injecting bias into your analysis.

  2. There is always a better trade coming for those who preserve their capital

  3. You faith should be placed on a process, not on a position or opinion.

  4. Thinking that a market is going up is never a good enough reason to be long.

  5. Charts are useful for trading only when patterns are clear and prices follow through

  6. When in doubt, stay out.

  7. Higher timeframes have more influence on price than lower timeframes

  8. Successful trading entails having both the trend and probability on your side.

  9. Put work and time into developing the mindset that gets you where you want to be. More chat work is not always the answer.

  10. Profitability over an extended cycle will be the cumulative result of good decisions made and bad decisions avoided on a compound basis over time.

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