Quote:
|
Originally Posted by SoarAndEnvision
I keep hearing this and i'm trying to figure out what it means :
|
the poster is trying to tell you in a round about way, that predicting direction and using all the wonderfull methods to anticipate direction in and of themselves only gives you a marginally better than 50:50 of being correct,
your main edge comes from implementing and focusing your time and attention on, money management, risk management, leverage etc, and your psychology.
as these components alone make up approx 80% of your system/method. so you might as well just flip a coin and enter the market at any time long or short, account for the risk and learning as quickly as possible when the trade is a loser and close it automatically or let it run, if it comes good..
I'm sure someone or he will correct me if I am wrong.
all the best