Two (2) quick ways to differentiate between a GOOD trade and a BAD trade.đ€·
1. A good trade follows the rules of your pre-defined trading strategy but with a bad trade is a trade, you âbreakâ your own rules.
2. A good trade can be a wining trade or a losing trade.
Executing good trades assures long term success and repeatable long term profitability.
However, a bad trade can turn out to be a winning trade. While it may âfeel goodâ in the short term, it reinforces bad trading habits in the long term and may lead to poor performance
in the long term.
