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dacoffey--
I've definitely found that developing a trading system is easier than fixing my flawed psychology. =) Much faster, at least. In fact, the system I trade now is based entirely on numbers (not chart patterns) and I only look at the chart to confirm what my system has already determined.
Regarding risk, I view risk as the amount of capital I have at stake at any given time. This is usually the difference between your entry point and your stoploss (multiplied by your position size, of course). I always evaluate risk on a worst-case scenario for both risk/reward and money mangement purposes.
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