“Do not confuse a setup with a signal. Two very different things.”

I came across this tweet yesterday from Nick Radge and thought how true is this.

I have been busy beavering away learning AmiBroker code and trying to develop a system that matches my style / psychology ( weaknesses ) and this was a timely reminder that I should be more distinct in defining my setup and then when to enter a trade.

I have miss timed a few trades recently and I now believe it is as simple as not waiting for a valid signal to enter. It is worthwhile to take a step back every now and again to review a few trades especially when on a steep learning curve.


Be the first to comment

Leave a Reply

Your email address will not be published.