2024-11-03 20:02
IndustryFour Pillars of Successful Trading
This post emphasizes that effective trading relies on a combination of personal research and the use of various tools, such as the zigzag indicator, trendlines, and support and resistance. The four essential pillars of trading are: 1) researching a solid strategy, including technical and risk management; 2) collecting data through backtesting; 3) demo testing the strategy; and 4) practicing psychological resilience during live trading. Ultimately, the author notes that successful trading is heavily influenced by psychology, accounting for a significant portion of the experience.
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Four Pillars of Successful Trading
| 2024-11-03 20:02
This post emphasizes that effective trading relies on a combination of personal research and the use of various tools, such as the zigzag indicator, trendlines, and support and resistance. The four essential pillars of trading are: 1) researching a solid strategy, including technical and risk management; 2) collecting data through backtesting; 3) demo testing the strategy; and 4) practicing psychological resilience during live trading. Ultimately, the author notes that successful trading is heavily influenced by psychology, accounting for a significant portion of the experience.
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