In this chapter, I provide some final thoughts to take away with you. These are not rules for my strategy but advice on dealing with scenarios that you will occasionally come across.
Assessing Your Trades
When I began trading, I was under the assumption that the way to determine whether a trade was successful was based simply on whether the trade was profitable. If a trade netted me a profit, I assumed I had made a good trade. Conversely, I automatically thought losing trades were bad trades that I probably should not have entered. Although this simple methodology seemed logical, I soon learned that this method of analyzing my trades was highly flawed and was actually the opposite approach of what was necessary ...