- raders should have a very flexible mindset about which way a trade can go when they enter it, but be very rigid about taking their stop loss when it is hit.
- Traders should be very flexible on profit expectations during each market cycle but very rigid about following their robust method during each cycle.
- Traders must be very flexible about allowing a winner to run but very rigid on cutting losses short.
- Traders must be flexible about their opinions and change them when proven wrong but they must be rigid about their risk management and never risk more than planned.
- Traders should be flexible about their watch list but rigid about their trading plan.
- Traders should be flexible about what will happen next in the market but rigid about their rules.
- Traders should be flexible about the direction of the trend when it changes but rigid about positions sizing.
- Traders should be flexible about profit targets but rigid about entering with a minimum risk/reward plan.
- Trades should be flexible about entries and exits as the market action develops but rigid about managing the risk of ruin at all times.
- Traders should be flexible about expectations on when they will have a huge winning streak that will change their financial lives but rigidly pursue success in the markets until it does happen.