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Market-Neutral Trading: Combining Technical and Fundamental Analysis Into 7 Long-Short Trading Systems by Thomas K. Carr

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CHAPTER 5

THE TWO TYPES OF TRADING FAILURE… AND HOW TO AVOID THEM

Failures are fingerposts on the road to achievement.

—C. S. Lewis

I want you to start making money with the systems in this book. This means we will need to move on from our more preliminary discussion about trading tools to the trading systems themselves. These provide your personal interface between the phenomenal money-making potential of the markets and your own private trading account. But we must not get ahead of ourselves. It would be imprudent to jump into the practicalities of systems trading without first laying out the one thing that makes all robust trading systems work consistently.

What I am about to say here is controversial; you may disagree with it. Heck, I might ...

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