How to Create a Technical Strategy: Final Notes
We suggest that in all cases a trader utilize the layered entry approach by committing capital gradually, so that the ever-present fear of loss and failure is mitigated to some extent. It is also good to keep in mind that nothing is certain in trading regardless of our level of confidence. We should be confident in our analysis and the worth of our strategy so that we can apply it without vacillating and remaining indecisive at crucial moments. Indeed, this is similar to the position of a confident soldier who never flees from battle though he’s aware that he’s by no means immortal. Unlike him, on the other hand, our way of ensuring that we never suffer fatal consequences is, as always, making use of money management strategies carefully, committing our capital gradually and, most importantly, never attaching too much importance to technical strategies or regarding them as possessing mathematical precision in predicting the future of the price action.
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