Good trades are executed without fear or greed; the trader accepts the outcome as a data point.
Rich Traders never risk more than 1%–2% of total capital on a single trade.
Holding a losing position past the stop-loss point in the hope that it will return to break even. 🛠️ The Path to Professionalism New Trader,Rich Trader 2: Good Trades, Bad Trades
Success in trading is not about being "right" about the market; it is about being right about your . By eliminating "Bad Trades" (rule-breaking), the natural mathematical edge of a "Good Trade" (rule-following) is allowed to compound over time.
Design a to test your knowledge of the "Good vs. Bad" trade distinctions? Good trades are executed without fear or greed;
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The central thesis is that a "Good Trade" is defined by following a proven process, regardless of whether it results in a profit or a loss. Conversely, a "Bad Trade" is one where rules are broken, even if the trader happens to make money through luck. 🛡️ Risk Management (The Good Trade Foundation) 🛠️ The Path to Professionalism Success in trading
Break down the the authors suggest for trend following?