High probability trading focuses on your trade set-up as it is forming, not after it has been completed. The former is based on trust and the latter on pure emotion as the “jump on board” mentality takes hold. The former will make you money and build confidence while the latter will attract all types of debilitative actions.
5 STAR GENERAL: a well known, successful trader or a renowned author whose writings provide a greater understanding of how the successful trader thinks (e.g., SUN TZU, Mark Douglas, Steve Nison, etc.) 200 TANKS: the 200 period simple moving average, can be used for support or resistance 50 TANKS: the 50 period simple moving [...]
