Align Your Analysis & Trading Persona by Tushar Chande
We are all different. As a result, we each have our comfort zones in which we tend to perform better. But how do you define that comfort zone? We take a look.
Each one of us has a comfort zone as a trader, and to be successful, we need to stay within that comfort zone, or know ourselves well enough that we can extend the envelope of our comfort zone. The trouble is that its easy to give an overly broad definition of our comfort zone, when actually we should be giving a narrow, specific one. For example, you can define your comfort zone by expected return, depth of drawdown, and length of drawdown. Ideally, we will align our analysis and trading persona as one of the keys to success...