The number going around is that 90% of traders fail. Sometimes it’s hard to believe that the failure rate of traders is so high. This is especially true in the beginning when we tend to be more ignorant and we believe that we are going to be different.
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Traders often base their risk only on the trade they’re about to take; they don’t think ahead.
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Do you know under which market conditions / environment / regime your strategy performs at its best and at its worst? Knowing this can be of great benefit to traders.
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