Last Monday was the US Labor Day public holiday. So I was surprised to see an email on Tuesday from a trader who was caught unaware by the low volume. Here's an excerpt from the email: "Today was some USA holidays (I did not even know it) and most of the markets were completely…
“Simplicity is the ultimate sophistication.”…Leonardo da Vinci How detailed should your trading plan be? There is of course no right answer apart from whatever works best for you. Some people need detail – lots of it. Others will never need more than a single page, with anything longer simply gathering electronic dust as it sits…
Question: Hi Lance, I read from another resource that in order to detach your emotion in every trade you need to have a set of written specific rules about your entry, your position size, your exit and any other possibility that might happen in that trade and you need to follow it with “marine discipline”…
