First Principles of Trading: Capital Preservation, Trend Following, Patience, Mechanical

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Capital Preservation —— Strictly control drawdown, strike hard

Trend Following —— Identify the environment, do not go against the market

Patience —— Abandon if uncertain, hold on if certain

Mechanical —— Identify emotions, execute iron rules, never take chances

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Capital preservation first, trend following is king.

Extreme patience, mechanical execution.

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My delivery order only allows: small losses, small profits, large profits