A new year

A fresh start, tabula rasa, is what most consistently loosing traders long for. Erasing bad memories, losing streaks, wiped out accounts and coming in fresh to disassociate with the pain constant failure causes. Yet the beginning of a New year does allow for certain new starts like the first quarter of a year and a fresh bar on the annual charts, a new tax cycle and much more. The successful trader has overhauled the business plan and set goals and set new parameters for money management and even so rare might even enter the New year refreshed from a brief vacation. No matter where you are in he progression of your trading career, is a good moment to review core principles and Marc Douglas extracted some of them so well:

YOUR EDGE IS NOT A STRATEGY