: Diamond uses extremely tight protective stops, often just two ticks away from his entry price, to ensure losses remain negligible.
Diamond argues that even the best technical system will fail without psychological control. He emphasizes: Trading as a Business: The Methods and Rules I'...
AI responses may include mistakes. For financial advice, consult a professional. Learn more Trading As A Business by Dick Diamond - Bookmap : Diamond uses extremely tight protective stops, often
: This is built by strictly following rules and knowing you can identify high-probability setups. For financial advice, consult a professional
: Traders must identify a "core position"—a trade size they can manage without feeling overwhelming fear or greed.
: He primarily executes trades on very short-term charts to capitalize on quick market momentum.
: He advocates for taking profits while momentum is still favorable rather than waiting for a market reversal, famously stating it is better to "sell too soon than too late". The Pillars of Emotional Discipline