Golden Rule for Traders :Stick with a System

Continued from Previous Post Do You Trade The Market or Your Emotions ?

• Develop and Stick with a System

Successful traders have a system. They stick to their system of trading religiously, even when it seems like it might not be working perfectly. You have to determine exactly what is wrong with a trading system before you can change it. If you keep altering your strategy after every trade, you have nothing consistent to revise and, more importantly, nothing to repeat consistently.

Successful traders find a successful strategy and stick to it. They know that real success means discovering two or three techniques that work dependably, and then using them over and over and over again. Successful traders do not focus on the profit or loss of an individual trade. Instead, they feel successful when they identify and perfect a technique that works repeatedly.


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