torsdag den 8. september 2011

Profits or losses? it is you who chooses!

Profits or losses? it is you who chooses!



You are the only ones that determine whether you succeed or fail. You are the only ones to have control. There is always a huge potential market. This is not what happens, that's what you do with what happens that makes the difference between profit and loss.
You can not marry a market or a unique style of negotiation. You have to look. Watch a variety of time frames and a variety of markets until you find the one (s) for you, the one (s) that fits your comfort level and your trading style.
Most traders move from trading system to another, until they find one that suits them. But do not expect a non-discretionary trading system to work forever. The markets are always changing to make it practical.



You hear of mechanical systems that work, and even those who worked for a long time. But those are not generally available to you. They succeed because they are closely held, and the person using this system will not tell you what sujet.D the other hand, some traders never stop looking for the perfect system. This too is a problem.
There are many systems or methods that can generate profits over time. To settle on a trading system that suits you:
First, you must believe the process by which the system generates trades. Who was the promoter? how did he arrive at his methodology? Does it make sense to you?

Second, whatever system you decide to go with, test it first. In the modern world of software, there is no excuse not to take a look at all the recent data, you can have your system to see what the results would have been. Do not worry about testing the system for years and years. Forty days is quite sufficient for a test. You need to know if the system works now. Think about the system you choose and why it is good for you. Think about the results you get from your tests. Be very methodical when you are trading.

580
Third, work on your discipline. Unless you can control yourself, you can never control your trading. To control yourself and your emotions, you must believe totally in your trading system, and especially you.

2 kommentarer: