Do your risk analysis
BEFORE you enter the trade. That is actually the more advanced mindset to transform your trading. You should not enter a trade if you don't know what you are risking relative to the rewards already.
I don't think there is any part of my ego involved in this. I'm merely sharing some of the old timer knowledge that I had extracted from successful traders in the Equity/Futures game. You don't have to agree with this. I've traded for over a decade, and it is evident to me now the errors of my ways, and that trading is an evolution of phases. I didn't always agree with what I had just posted either (I couldn't have), but the market is a relentless and unsympathetic teacher.
And I guess that's all I want to say about that.
