It’s critical to remember that no matter how good your technical method is at generating wining trades, turning those winners into a consistent income takes the ability to do or not do some things that the method can’t help us with. The method can’t force us to pre-define our risk, or with making the mistake of moving our stop closer and stopping us out prematurely, it can’t stop us from hesitating and getting in too late or from over-trading or from getting out too soon and leaving money on the table. No matter how good the method, if you make mental errors you will lose.
Mark Douglas