Beating Alpha

iterating towards truth

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Sometimes you are the last sucker & sometimes you are between first fuckers

Sometimes you are the last one who joins the train. Sometimes you are between the first ones. At the beginning you trust your analysis and try to evaluate your position through critical technical lens but soon you realize that the move is over and it is time to get out at any cost. What I always do is a classification of the pattern and usually I observe that the strong patterns have something in common with my positive results and those weak patterns are usually connected to my negative results. What a surprise, right :)? But there are times when it is difficult not to enter on a weak pattern since we do not want to miss the trade and blame yourself for not earning pips here and there. For missing the trade. For that reason it is always important to me to remember my favourite saying: “I would rather lose half of our shareholders, then lose half our shareholder’s money.”

Today was a classic example. I got IN on a weak pattern and lost -10pips. I got IN on a strong pattern and earn +24pips. Something what I should definitely work on …

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