The central thesis is that a "Good Trade" is defined by following a proven process, regardless of whether it results in a profit or a loss. Conversely, a "Bad Trade" is one where rules are broken, even if the trader happens to make money through luck. 🛡️ Risk Management (The Good Trade Foundation)
Owning mistakes immediately rather than blaming the market, "algorithms," or "manipulation." 🚩 Identifying "Bad Trades" New Trader,Rich Trader 2: Good Trades, Bad Trades
Profitable trading requires seeking setups where the potential gain is significantly higher than the potential loss (e.g., 3:1). 🧠 Psychological Discipline The central thesis is that a "Good Trade"
Waiting for the market to confirm a signal rather than chasing "action." 🧠 Psychological Discipline Waiting for the market to
Entering positions without a clear signal just to feel involved in the market.
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