Models are just models, no matter how sophisticated, they are not designed, or able, to compromise common sense and human judgment.
Always keep the big picture in mind.
Before you start any analysis, clarify its purpose.
There will always be people who try to game the rules. Ideally, manage not by imposing the rules but seeking buy-in for the rationale behind them.
Do what you love and you will excel.
Stop loss. Don’t add to losing positions.
Be better prepared than anyone else you are competing against.
You just might be more successful than you imagined possible.
Have a good reason for every trade. Write it down.
Go for the pain and the difficult, that’s where opportunities are.
Never be disheartened by ugly behaviour; always be uplifted by lovely humanity.
