Over the past ten years I tried a variety of trading styles before eventually finding my niche. Throughout that time many mistakes were made during my development as a trader. Looking back on a decade of learning I can identify five key areas that I wish I understood better. For new traders, putting these principles to work now may expedite your path to consistent profitability. 1) Spend more time studying your trades Studying your trades is simply one of the best ways to enhance your learning process. After collecting enough trade data to analyze your strategy (typically, 50-100 trades), you will begin to see patterns in your decision making or in your automated system that may be limiting your upside potential. As a general rule, trader and system developer Perry Kaufman advises the more data the better when analyzing a system. In effect, the Law of Large Numbers states that there will be less chance of randomness in your analysis when studying a large eno
Price-based perspective on market behavior