Trading challenge:
Treat trading as a videogame.
1) Trading system = Offensive weapon
2) Risk management = Defensive weapon
3) Emotional control = Ability to use weapons
1) Trading system
- Study charts
- Build edges
- Create rules
- Execute
2) Risk management
- Create plans
- Improve WR and RRR
- Set goals
- Protect your money
3) Emotional control
- Think long term
- Think in probabilities
- Be addicted to repetition
- Protect your trading
Final trading goal:
Win the war of freedom.