4 Strong Reasons For Having Trading Rules
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Transcript of 4 Strong Reasons For Having Trading Rules
Employing a trading strategy that leaves no room for ambiguity is hugely advantageous
There are some strong arguments for
mechanically defining your ETS
(entries, targets, stops)
CLARITY OF TRADING OPPORTUNITIES
By removing a decision step each time you trade, the
confusion lifts
REPLICATION OF SUCCESSFUL
ACTIONS
With a system, you know that these things can always happen but it's okay nevertheless
TRADING PERFORMANCE IMPROVEMENTS
Trading errors account for a large part of
why traders are unable to maintain consistent
profitability
TRADING SYSTEM AUTOMATION
Automation has weaknesses
NETPICKS TRADING SYSTEMS FIT THE
BILL
KEY LEVEL
ENTRY
?
To fail at defining rules, you are
surely guaranteed to fail at trading