Trading is as much about routine as anything. The markets have a personality based on the time of day, week, and month. As traders, we typically look to identify routine chart patterns and stable cash flow. However, eventually, a bad day arrives. I’ve known some trading systems that account for losing days regularly with lower probability but a higher return on risk strategy. However, I find that most traders attempt to have more top probability systems and seek to avoid losing days, understandably so. I was recently talking to a trader whom I knew to be in the markets every day. I found it unusual that he wasn’t ... (full story)