Bitcoin
Why your mechanical strategy doesn’t work…
Here’s a typical trading scenario for you. You’ve been trading for some time and know your way around the charts, heck, you even know how to thoroughly back test a new strategy. In fact, you’ve found a lovely looking intraday pattern and have back-tested it with various inputs to come up with the best way …

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Forex chart
Why you should never be excited about winning trades…
It’s difficult not to do isn’t it? You take a trade that from the moment you take it, it goes straight to your target. It feels great. You see that profit in your account and want to tell the world just how wonderful trading is! Maybe you start projecting forwards into the future about how …

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Forex chart
Does automation remove emotions?
I was speaking with a newer trader at an investment conference recently and he stated that he was only interested in automated trading because it eliminated emotions. He said the computer wont experience fear after a few losing trades and it won’t become greedy after a string of winners. This is indeed true, but there …

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