Trading systems should be clear, concise and easily deployable. It should be teachable to the most adept of people and allow them to utilize it clearly. Look some schmoe's trade system above. Market technicians will do these things. They trivialize, breakdown a lot of the different components of the price action into discrete setups for you to understand.
However, the reality is, the trade system will not be that simple to employ. Therein lies, the dilemma. Most systems out there are either too complex or too theory-infused that you really need more guidance to implement them. A trading system has 3 main components: 1. Pre-Trade Procedures 2. Trade Management 3. Post-Trade Steps It can really be summarized by: See Setup. Take Trade. Manage Trade. Make/Lose money. That is really it. Waiting for the most perfect trade can be like finding the G-spot. Many men have tried but few have truly found it. (haha!) At EQ, we keep it simple. We teach a system that is easy to understand and follow. Theory is important but teaching a system that is simple and easily utilized is more important. Your trading success will be greatly improved by experience. So remember, you don't have to feel like you need to know everything the pros do in just a week's worth of classes. Even after 15 years, I still don't know everything. But while you're contemplating education, think about signing up for our trade signals! They expire today! SIGN UP HERE.
1 Comment
9/10/2015 02:52:15 am
Trading system is most important in finance. Thanks for useful information.
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Multiple AuthorsTraders from Equity Sense will be writing on this blog on positions and other market-related things. Archives
May 2018
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