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Don’t trade on another person’s conviction

From blog.hycmlab.com

Trading is like an individual sport. This is not your football team scenario where you are working together with others to get the decisive goal. You step onto the squash court as an individual, or onto the golf course on your own – you win, or lose, on your own decisions as the match or round progresses. So, you need to trade on your own convictions. This helps avoid hesitation at the crucial moment – you know why you are trading. This is, of course, most difficult when you are learning. You haven’t had the time and experience to really develop your own convictions. So, of course, seek out the advice of traders whom ... (full story)

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