We need to construct a separate trading “personality” to succeed in the markets. This personality must learn much greater control over the emotions.
The Trading Pyramid provides the necessary framework for this personality. Each of us will seek a different trading personality, making the most of our strengths and minimizing our weaknesses.
The Trading Pyramid has the following levels:
- YOU
- Commitment Discipline
- Money management
- Risk control
- The three simple rules(cut your losses;run your profits; trade selectivity)
- System parameters
- Your system/methodology
- Operation
- Profits/losses
The structure is organic and each level interrelates with each other level.
Trade what you see, not what you think.
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