A system without risk management is like a car without brakes.
A system without risk management is like a car without brakes.
And the worst part is that some of them speed up knowing that the curve is near.
The phrase doesn't matter the system, it matters the trader should be tattooed on the forehead of every rookie.
But they don't want to listen. They want an app that tells them when to go in and out. Casino mentality.
I'm developing a system that's based on waiting... yes, literal.
That's gold. Less operations = less mistakes. The hard thing is to have the patience to sustain it.
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