Moving on to the 7th reflection of the series:
Read here: (
Part 1) | (
Part 2) | (
Part 3) | (
Part 4) | (
Part 5) |(
Part 6)
31. Never underestimate discipline, patience, risk control, and execution over alpha generation.
Sometimes the best execution decision is no trade at all ifconditions aren't suitable. Always ask: "Do I have an edge here,or am I flipping coins?" If it's the latter, save your capital for abetter spot.
32. Never fall apart after a big loss or get euphoric after a big win.
Emotional resilience is a trader's strongest asset. "
33. Never ignore price action after news.
If the market reacts opposite to what you expected, get out. "The market is telling you something you don't see.
34. Never trade on borrowed conviction.
If you buy on someone else's tip, you'll need them to call your "exit too - and when they go silent, you're stuck. Hone yourown craft, build your own system. If you can't trust your owndecisions, you're just a pawn in someone else's trade.
35. Never go against your intuition.
If something feels off, it usually is. "
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