Good post by pannet how to be successfull trader with your method.....
here is no treatment for discretionary trader. The solution is simple and sequential for a systematic trader. You cannot jump from one to another by missing out the one in the middle. I am trying to provide here, what
my mentor taught me.
1) keep 2 YEARS worth of LIVING EXPENSES
2) BACKTEST your system with 10 years of data, MANUALLY
3) find out whether your system has EDGE or NOT
4) find out what is your MAX DRAWDOWN and MULTIPLY It by 2.
5) assume that you are going to HIT your (MAX DRAWDOWN X 2) from your first trade on wards.
6) FOLLOW your system.
You are CONFIDENT that your system works because you have backtested for 10 years . now you will be DISCIPLINED