Chapter 1
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Mental prerequisites
The implementation of the trading setup is not an automated process. With the method presented here, it is therefore all the more important to meticulously concentrate on the initial triggers of [trading system].
Myth number 2 Entering a trade is not important.
So it's always just the exit? Completely wrong! Yes, I know, I am making a statement that is diametrically opposed to many statements in current trading literature. However, as far as I know, the authors of those books usually fail to give their readers a concrete example of why it is less important to enter than to exit. It is due to nothing less than discipline of the will to take the view that both are equally important, as will be explained in the following chapters. A quick thought game in advance: If the setup is already exhausted according to our definition, what reason is there to get in?
Conclusion myth number 2
I think the answer to that is obvious without wasting 100 pages of a book on it: There is clearly no reason to be late in entering a trade. [...]
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