Trading As A Business: The Methods And Rules I'... Apr 2026

Diamond argues that even the best technical system will fail without psychological control. He emphasizes:

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: Many traders fail because they hunt for huge, risky wins. Diamond’s business thrives on small, repeatable, low-risk gains that compound over time. 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 size they can manage without feeling overwhelming fear or greed. Diamond argues that even the best technical system

: 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

Diamond’s signature "80/20" method refers to trade setups that he believes offer an 80% chance of success. His technical approach often includes: Learn more Trading As A Business by Dick

: This is built by strictly following rules and knowing you can identify high-probability setups.