Philosophy while mitigating risk, based on industry expertise in trading
Philosophy while mitigating risk, based on industry expertise: Here is a breakdown of how to apply this philosophy Why Hesitation Hurts (And Why to Act) Missed Opportunities: Market conditions change rapidly; waiting too long can mean missing the optimal entry or exit point. Confidence Erosion: Chronic hesitation often stems from a lack of confidence in one’s strategy, leading to a cycle of doubting and missing moves. Emotional Trading: Hesitation often leads to "fear of missing out" (FOMO) or chasing trades, which causes traders to enter at worse prices The True Meaning of "Being Sure" In professional trading, being "sure" does not mean knowing the outcome. It means having a high-probability setup that aligns with your trading plan. Systematic Approach: Act when the trade matches your pre-defined rules, not when you "feel" it will win. Focus on Probability: A good...