Do You Really Know Your Edge? | PopDoc Trader:
"Ability to tolerate ambiguity is a psychological skill. And when it comes to exits, it’s even more critical. In fact, while entries and good trade location are very important, its’ ultimately your exits that will determine how much success you experience as a trader."
great article... Whenever I train a new trader I always make sure to have them write down their edge in as much detail as possible. I think its extremely important to always be seeking out new edge and refining your current edge because you know know when you edge will change or disappear. Just think about all the guys that use to trade on the floor but could never make the transition to become a screen trader. Complacency Kills. Anticipate what could hurt your edge and adapt.