Three things you gotta get good at as a trader: 1) Reading & Predicting Price 2) Money Management 3) Psyche Management They should never interfere with eachother. They are three seperate departments. Sometimes the gambler in you will want to enter when you shall not. In which case, the department of Reading & Predicting Price should reject that request. Other times, the department of Reading & Predicting Price will be very confident in a certain setup and will want to over-risk on it. In which case the Money Management and the Psyche Management departments will have to reject the request. Treat it like a BUSINESS.
@opsec_crypto I liked everything you said on this tweet except the last sentence which gave me an idea about where you are on your trading journey! Trading is never a business, but the largest casino in the world. We need to admit it and embrace that. It’s a probabilities game hence a casino.
@opsec_crypto We are not in the business of predicting we react