to stay in the market

How do you get an edge?

The way I see it, an edge is a complete set of rules that really put the probabilities on your favor.



You get an edge when:



You know when to stay in the market as well as when to stay out from it – Long term analysis (very important)

When to get in and out of the market in the short term charts (always in the direction of the market condition)

You know how to manage your trades, get out of trades soon when the market moves against you and hold your trades when the market moves on your favor, etc.

You follow strict money management techniques i.e. risk 1% of your capital on each trade (no more)

You have practiced and demoed your system for a while before gong live (you need that confidence first in order to be able to follow it with discipline)

Thanks to Craig – Physical Exercise to keep that mental sharpness.

What other things would you add here?



Comment and I’ll keep adding them here…



Please comment bellow



One final thought… It’s always a good time to appreciate when things go well… But we all seem to remember that when things aren’t going well… we need to change that.