Saturday, September 27, 2014

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.


  • sources : jcshah
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