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lol, yes, took me about 2 years to truly understand this.


Everything works, yet everything doesn't.


I remember asking WayneL about some option strategies some time ago, and he explaining it in detail, in the end, basically explaining the advantage, but, with that, the guaranteed drawback.


If you run positions, you get a lower win %.  If you take small profits, you never get large outliers.   If you have a tight stop, you minimise risk, but get chopped out all the time.  List goes on and on and on. 


In the end, it's all down to practice practice practice and creating your own style and finding your own edge.  This constantly has to be altered and adapted to market conditions, which again, this ability to be dynamic and continuously evolve, is just part of your edge.


Personally for me, I think the most important things are pattern recognition and having some idea of when to hold and when to fold.  Along with having the mental ability to do what goes against a humans genetic makeup and that is NOT waiting for confirmation.


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