: He primarily executes trades on very short-term charts to capitalize on quick market momentum.
: This is built by strictly following rules and knowing you can identify high-probability setups.
: He advocates for taking profits while momentum is still favorable rather than waiting for a market reversal, famously stating it is better to "sell too soon than too late". The Pillars of Emotional Discipline Trading as a Business: The Methods and Rules I'...
: Traders must identify a "core position"—a trade size they can manage without feeling overwhelming fear or greed.
By mastering these rules, Diamond transitioned from a floor broker to a successful independent trader, proving that a conservative, rules-based approach can sustain a five-decade career in the markets. : He primarily executes trades on very short-term
: Many traders fail because they hunt for huge, risky wins. Diamond’s business thrives on small, repeatable, low-risk gains that compound over time.
Diamond’s signature "80/20" method refers to trade setups that he believes offer an 80% chance of success. His technical approach often includes: The Pillars of Emotional Discipline : Traders must
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