Best advise for anyone who's looking to be successful in this business.
"The idea of both having a viable method, and then keeping track of all the trades given by that method over time, to compare, or "benchmark" our own performance to, is something that all traders, and certainly all trading educators should use. The benefits of recording where the trader should have entered a trade and how to manage that trade in a manner for all to see are many-fold, but primarily this exercise will lead to improvements in your trading and your trading plan. And the biggest benefit of all will be you will see quickly whether the method you have chosen is viable or not! That alone will save you a lot of time and potentially money. - Jay Norris. Author of The Secret to Trading: Risk Tolerance Threshold Theory -