Sunday, March 15, 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