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Risk & discipline · Free video lesson

A Winning Trade Can Still Be a Bad Decision

About this lesson

A green result can hide a deviation from the plan. Review whether the rules were followed separately from whether the trade made money.

Illustrative coaching example; fictional records. Recorded results do not predict future performance.

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Transcript

A winning trade can still be a bad decision.

Imagine your plan was to wait for confirmation and risk fifty Australian dollars.

You entered early, doubled the planned risk, and still made eighty dollars.

The green result does not erase the deviation.

Review two questions separately. Did I follow my plan? What was the outcome?

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