31 August 2005

Your trading system

The worst thing a trader can do is use a system based on the last year of market activity. The next year could be very different.
A trading strategy must be based on adaptability to take advantage of changing conditions.
Market changes are not a surprise.

A good trading system is based on

1. Learn before you jump ...
2. Cut losses, let winners run ...
3. Discipline is crucial ...
4. Focus on the process ...
5. Know your exit ...
6. Manage your money ...
...
8. Don't trade emotions ...
...
10. Remain humble ...
...

Oh I can't give you all tips :)

Prev. post about trading : Slow boil your losses.

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