This approach is used by many funded prop traders and is universally applicable across all trading instruments, from stocks and forex to futures and cryptocurrencies.
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Ask most traders what are the possible outcomes of a trade, and they will inevitably give you a binary answer: you either win or lose. But if we think about it for a second, there is actually a third choice.
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A while back, an article in Institutional Investor reported that money managers actually generate alpha and outperform the market.
Mark Douglas’s “Trading in the Zone” is a seminal classic of trading psychology.
