Trade versus Trader
By Darren Merwitz | August 15, 2007
What is more important - the trade or the trader?
In other words, is it more important to find a great trade, or is it more important to manage that trade efficiently. This is not something that I have the answer to, but is an interesting point to bring up none the less. Obviously both are extremely important, but personally, I feel that it tends slightly more in favor of the trader.
My logic is that a good trader can manage a bad trade effectively, but a bad trader can mess up even the greatest trade.
The main point I’m trying to highlight, is that developers of strategies often put an enormous amount of effort into selecting the correct opportunity to enter into a trade, and not enough into managing the position. Just something to think about during your strategy development…
Tags: Forex Strategy Development
Topics: Systems Trading Blog | 2 Comments »