I have this in my notes from 2023, probably notes I took from a trading thread on CT or something. Can't find the reference though, but some good advice:
-There will almost always be someone with better information/speed/tech than you who wants to take your money
-If you can’t explain your trading edge in five minutes, you don’t have a very good one
-Edge is why a trade makes money, not how it is executed
-Take only the risks you’re being paid to take; hedge the others
-If you lose your trading capital you are finished
-Survival is key, don't rely on 1 risk measure
-You’re never happy with the amount you traded
After four years chronically scrolling CT every day I think the "never get zeroed out" advice is the most important...
Seen way too many people get blown out completely...
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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