Sep

25

 I was watching a formula one race the other evening and it reminded me of the racing line. The racing line is the direction, speed and angle in which a driver goes through a corner. Come in too far from the inside, your exit will be poor. Too far out, someone can pass you. Come out of the corner perfectly but be in the wrong gear, you're toast.

I was thinking how many times traders hit a trade entry well but don't have the right leverage (wrong gear). Or come in too far from the inside and spin out before they complete the corner (capitulate with too much leverage).


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