Having the proper risk and money management skills will be your biggest trading edge to battle the true randomness of the market.
The best traders learn how to treat trading like a business and can understand what you truly are doing as a business is managing risk to increase potential profits to scale.
Legendary trader William Eckhardt was quoted saying that after running thousands of simulations even the most random strategy in the market can prove to be profitable over time but only if the risk is managed correctly.
A successful business man also understands that losses come with the territory but most traders can’t stand to lose so they quickly begin to fail to trade their system correctly.
When you can let go and let the system trade itself and you act more as a money manager, with discipline you will see your profits grow tenfold.
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