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Develop a clear trading strategy from "summary" of Trading in the Zone by Mark Douglas
To truly succeed in the world of trading, it is essential to have a clear and well-defined trading strategy. This strategy serves as a roadmap, guiding you through the unpredictable and often chaotic nature of the markets. Without a clear plan in place, you are essentially navigating the financial markets blindfolded, relying on luck rather than skill. A clear trading strategy helps you to establish clear goals and objectives, allowing you to focus on what truly matters - making profitable trades. By defining your goals and objectives, you are able to develop a set of rules and guidelines that govern your trading decisions. This helps to eliminate emotional decision-making, which can often lead to impulsive and irrational trading behavior. I...
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