A trading system is more than just having a rule or set of rules for when to enter and UK when to exit a trade. It is a comprehensive strategy that takes into account six very important factors, not the least of which is your own personality. In this article, we will cover the general approach to creating a rule-based trading system.
Examine Your Mindset
(A) Know UK who you are: When trading the markets, your first priority is to take a look at yourself and note UK your own personality traits. Examine your strengths and your weaknesses, then ask yourself how you might react if you perceive UK an opportunity or how you might react if your position is threatened. This is also known as a personal SWOT analysis. But do not lie to yourself. If you are not sure how you would act, ask the opinion of someone who knows you well UK.
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