Knowing the type of trading mistake you want to make is critical. You should align your trading system to your beliefs about the market. Here’s why this is important to successful trading: you want to keep trading your system (and not give up on it).
So, if you use the scientific approach to categorizing your mistakes, you can get a firm understanding of what is important to you. And more importantly, the types of trading mistake you feel comfortable making. Because once you know this, you may adapt your trading system to fit your personality, and trade your system over the long haul.
In this video you’ll see which common trading system “mistake” is the one you should try to make, and why this is true.
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