Trading Psychology 101

[price_and_volume]

Thx for the response & engagement.

Your first four statements all seem to me that you are "ASSUMING" to a degree.

EVERY TRADE is an "assumption" - a bet.

The odds are 50/50.

Those odds take into consideration the entry, the individual's trading ability & psychology, the overall market, and the exit.

As mentioned, BREAKOUTS & momentum trading are proven WINNING strategies.

They've been time-tested, back-tested, game-theoried, and written about showing statistical outperformance in many white papers.

Your "efficient market theory" is exactly WHY YOU SHOULD MAKE EVERY ENTRY PROVE ITSELF.

When the market tells you loud and clear that you're WRONG - take the early loss.

You can always re-enter if it turns around, but continuing to RIDE A LOSER INTO OBLIVION based on "personal DD" is foolish.

I think you're old enough and been around the markets long enough to agree.

GL.