Jul 20, 2016

Looking At Markets With A Biased View

"A great deal of the emotional frustration and disruption of trading that traders encounter is the result of trying to fit markets into a preferred framework, rather than discovering the framework that best describes market behavior." 

Most traders look at a market with a biased view. They expect it to confirm what they are already looking for. Try to look at it as it is. See if what is working is mean reverting or momentum. Apply what you think is fitting best to the recent price action. Keep monitoring price behavior, keep adjusting.

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