Pages - Menu

Apr 12, 2009

TRADE WITH TRADING SYSTEM

  • Most successful traders use a mechanical trading system.
  • This is no coincidence.
  • A good mechanical trading system automates the entire process of trading.
  • The system provides answers for each of the decisions a trader must make while trading.
  • The system makes it easier for a trader to trade consistently because there are a set of rules which specifically define what should be done.
  • The mechanics of trading is not left up to the judgment of the trader.
  • If you know that your system makes money over the long run it is easier to take the signals and trade according to the system during periods of losses.
  • If you are relying on your own judgment during trading you may find that you are fearful just when you should be bold and courageous when you should be cautious.
  • If you have a mechanical trading system that works, and you follow it rigorously your trading will be consistent despite the inner emotional struggles that might come from a long series of losses, or a large profit.
  • The confidence, consistency, and discipline that a thoroughly tested mechanical system affords is the key to many of the most profitable traders’ success.
FROM---
http://originalturtles.tradingblox.com/system.htm

1 comment:

Anonymous said...

This is very nice. But how to find a good trading system?

DISCLAIMER

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.

Ads Inside Post