The trend is your friend, don't fight the tape.
Trade with the prevailing direction, not against it.
Let profits run, take losses quickly.
Cut losers fast. Let winners compound.
Adapt to change.
Markets shift regimes. A rigid system eventually breaks.
Don't play all the time.
Sitting out with no edge is a position too.
If you can't sleep at night, reduce your positions or get out.
Size for your own risk tolerance, not maximum exposure.
Notes
October 12, 2026
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