Most traders take a good system and destroy it by trying to make it into a perfect one

To make it short and painful: there is no perfect trading strategy and how well you can deal with losses will determine your future success as a trader – more than your actual trading strategy will. Yes, there are HFT outfits that have been posting winning day after winning day for the last 5 years, but let me tell you a secret: you are not a billion dollar HFT firm. Plus, even if such strategies do exist, the chances of coming across one of those during your lifetime would be ...