: Traders must identify a "core position"—a trade size they can manage without feeling overwhelming fear or greed.
A central tenet of Diamond's business model is capital preservation. To him, the primary goal is not making money, but . Trading as a Business: The Methods and Rules I'...
: This is built by strictly following rules and knowing you can identify high-probability setups. : Traders must identify a "core position"—a trade
: He primarily executes trades on very short-term charts to capitalize on quick market momentum. Trading as a Business: The Methods and Rules I'...
: He looks for a "free ride"—a trade that moves in his favor immediately. If the market does not react quickly, he exits to minimize exposure. Business Rules for Risk and Capital
: Successful business owners do not blame the market or others; they take full ownership of every trade outcome.