Over Confidence

Over ConfidenceLeçon 8 sur 95 min de lecture

Change nothing

What to do the day the method starts producing results, and how far the instruction extends.

Eventually the record turns. This lesson is the instruction for that day, and it is one word long.

The rules are the result

When a stretch of trades comes out positive, the temptation is to improve it. More size, or one more trade a day, since the method clearly works.

Look at what produced the stretch. The small size and the low trade count were not obstacles you overcame. They were inputs. Change them and you have changed the thing that produced the result.

What worked includes the size and the count, not just the setups.

The one change everyone makes

The usual first move after a good run is to raise the risk.

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