keeping it simple is the best way to trade financial markets, for me anyway. no fancy methods or systems.
the same is true in running one's life.
market moves when it moves. 10% anticipation, 90% reaction. cut loss like it's a habit, or better still, a reflex.
take profit as much as, or as little as market allows you. you don't really need to win it all everytime. you don't even have to win everytime, and still come out as winner.
re-entry and adding to position is a bit tricky, but they're secondary anyway.
a sustained price move, or trend, as it is usually called, especially one with shallow retracements, is a trader's best friend. in such cases and with proper leverage, a return of a few hundred percent within months can be achieved without much difficulty.
but in trading, like in any competition or contest, always many are called but few would be chosen.
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