Being “right” can be a psychological substitute for making money, be careful. You identified a good trade, now execute it. Enjoy it for a second and get back to work, you now have a greater responsibility because now you know what you are capable of.
Identify a trade
Find a way to break-even
Find a way to be profitable
Understand what is different from the last trade
Make necessary adjustments
See step 1
It gets easier when you don’t care about being right and there isn’t anymore false victories.
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