Core Trading Philosophy:
1. Don't overly worry about stop losses; stop losses are a necessary cost of trading!
2. Open positions only at key levels; if you buy wrong, still buy; if you sell wrong, still sell.
3. Every trading system needs to be backtested with at least 50 data points.
4. I have never seen anyone lose a lot of money in a bear market, but I have seen too many lose a lot of money in a bull market.
5. In a bull market, what kills you is not your position, but the myths of getting rich around you.
