I always liked this passage from Street Smarts by Linda Raschke and Larry Connors:
"No matter how long you trade, you'll never do it perfectly. Case in point. A friend of mine is a retired market wizard. This man has made over $100 million trading futures. He told me that his biggest weakness was that he never mastered his exit strategy!"
In last Friday's newsletter we explored the idea that imperfection in decision making and outcome will ALWAYS be a normal part of our trading. (See here if you missed it!)
Only a few hours later as Friday's session commenced, I experienced the following trade. Naturally I had to share it as well. 🙂
It reminds me as well of a previous YTC Facebook image, sharing a very similar trade outcome from way back in March.
Imperfection is part of the game.
You should always aim to learn and improve… but don't expect to ever completely eliminate it.
Learn to work with it.
Your job is to learn to profit over a series of trades, despite the presence of imperfect decisions and actions.
Very well illustrated Entries and rightly said imperfection is
part of Trade ,accept it and move on to new trade
Thanks Vikas, I’m glad you enjoyed the “imperfection” article.
All the best with your trading,
Which pair was this
This was not a forex pair. It was Crude Oil futures. Most of my articles lately relate to futures. The principles will typically still apply to forex (and other markets).