Building Your Own Methodology: Focus on Profit Expectations
People make trading hard. And sometimes it is hard. But, it doesn't have to be.
No, if I can paraphrase Ben Hogan's thoughts on developing a golf swing, your sole quest should be to find a definable, repeatable methodology that meets your profit expectations. And, I might add, in all types of markets.
Now, imbedded in that "mission statement" is a lot. As an example, the more complex something is, the harder it is to define. And, in addition, the more complex something is, the harder it is to repeat. Therefore, you now know why I insist on having my own trading adhere to the KISS rules and regulations: it's just easier for me to define and repeat my methodology, day in, day out. ...
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