From Loose to Tight Rules

The journey of any successful trader in regards to their rules is pretty universal. The first stage being imagined rules, the next being loose rules and then finally, tight rules. As you veteran traders know, you can’t have a viable and consistently profitable strategy if you don’t have rules in place. When you have loose rules, well… that’s where our guest from the community, Taf, comes into play. Thanks to his candor and willingness to be open about his journey, you’ll hear a great description and account of what loose rules can lead to. Taf is a humble and self aware person (both key attributes) so he eventually was able to look in the mirror and realize the problem. What sort of decisions did he make? How is he now implementing his new rules and ensuring they stay tight? We’ll get into that and way more in this episode! Let’s get to it!