Normal
All components of a trading system are important, including the entry, but the relative importance of each component is dependent on the edge you are exploiting.For long term trend following, the entry is practically insignificant - it's the risk & money management where the bang for buck is.ps I don't have any problems at all in not being believed and being laughed at - the continuing belief of traders in breakouts is one of the edges I exploit. For that particular edge, the entry is THE most important aspect of the trade.
All components of a trading system are important, including the entry, but the relative importance of each component is dependent on the edge you are exploiting.
For long term trend following, the entry is practically insignificant - it's the risk & money management where the bang for buck is.
ps I don't have any problems at all in not being believed and being laughed at - the continuing belief of traders in breakouts is one of the edges I exploit. For that particular edge, the entry is THE most important aspect of the trade.
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