: Traders must identify a "core position"—a trade size they can manage without feeling overwhelming fear or greed.
: Rather than relying on a single signal, Diamond waits for three to five different technical indicators to align in the same direction before entering a position. Trading as a Business: The Methods and Rules I'...
: He looks for a "free ride"—a trade that moves in his favor immediately. If the market does not react quickly, he exits to minimize exposure. Business Rules for Risk and Capital : Traders must identify a "core position"—a trade
: 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 If the market does not react quickly, he
: Successful business owners do not blame the market or others; they take full ownership of every trade outcome.
: Many traders fail because they hunt for huge, risky wins. Diamond’s business thrives on small, repeatable, low-risk gains that compound over time.