This week I want to go over something I have touched up on a few times before but I have a full video explaining it in real detail.
As you know psychology is crucial and one of the things that you need to get to match your personality as close as possible is the fluidity in your trading. The 2 extremes are fully rules based or no rules at all. Now I do not recommend no rules at all but you need to find the balance that works for you on that continium. It will only come from trial and error especially in live trading in my opinion. So here is the full video explaining the pros and cons of each approach and how you can tweak it.
Let me know what you thought and what you can relate to that you have found from your personal trading.