The arrival of the Thanksgiving holiday brings the one year anniversary of an article I wrote that was published in the magazine: The Trader’s Journal.
By playing poker, I have cemented my understanding of how people act, how to play the right odds, how to develop expectancies based on the cards I am dealt and how to position my trades properly. Watching these techniques and rules work within a short period of time really drove home the importance of a system that follows the proven rules.
Trading can be a long, tedious and impatient road to travel but following the rules and employing proper position sizing and expectancy calculations will almost guarantee success if the rest of you system does it’s job.
If your system is broke, find one that works and understand that you won’t go broke by properly placing your trades or bets and understanding how much you can and will win from each trade and/or bet.