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MacroVoices #425 Alex Gurevich: Real Rates, Precious Metals, Currencies and More
Macro Voices
Defining Trades for Clear Evaluation
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Being clear about the parameters of a trade allows for a precise evaluation of its success. Trades can involve setting specific profit and loss levels, or having a predetermined time frame. Avoid the tendency to justify outcomes based on interim fluctuations, instead focus on the initial objectives set for the trade. Defining trades with clear profit and loss levels is essential to accurately assess success and avoid ambiguity in decision-making processes.
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