If you're coming into 2021 with a goal of being a more profitable trader but you're sitting here this morning thinking "I am still not 110% sure how I will do that" then you need to better define your edge. What gives you the ability to make money? When are those conditions 1/#
present? And more importantly, when are the conditions not conducive to you making money. What is your max risk per lot? How do you know if market conditions have changed and your edge is no longer valid? It is imperative you have the answers to these documented in your mind 2/#
so that when the market kicks you in the teeth (hint: it will) you won't revert to prior bad habits and let losses compound. Don't feel the pressure to jump in head first because it is a new year. Be methodical about your approach and it will bear fruits.
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