Trading For Sure Profits
Rule-based
discretionary traders are among the best traders on this planet. The trading
strategy explained here is a rule-based discretionary system. Similarly, the
fact that the majority of traders fail does not mean that trading is a dead end
activity. Traders who are successful prove otherwise. Occasional losses leading
to transient drawdowns are inevitable but not insurmountable challenges in
trading.
The
secret to success lies in developing a deep love for trading and a willingness
to apply trading principles that work. Trading principles that work are
non-market specific. For a strategy to survive all market conditions, it must
have three ingredients incorporated into it: aborting losers and capitalizing
on winners, very low risk, and rock-solid discipline.
These are
the secrets of trading masters – trading success has nothing to do with your
ability to predict the markets accurately. If you give yourself a sensible
reward-to-risk ratio, you will survive the markets in the long run. For
instance, it does not make sense to risk $20 in an effort to gain $2. These
secrets are what make the difference between financial freedom and financial
disaster – the difference between solvency and bankruptcy.
The Pedigree of a Good Strategy
It is
very disturbing that so many traders find it difficult to survive on the
markets. Many top market speculators are perplexed by a new generation of
traders who do not seem to have a clue about the skills necessary to preserve
their trading portfolios.
The issue
is: even if you are disciplined, it would be difficult for you to survive with
a worse expectancy system, i.e. a system whose risk is greater than the reward.
And checking complex data ad infinitum is not so sensible for simple markets
either. Good trading strategies are the ones that survive all market
conditions.
This kind
of strategy must be effective in sustaining minimal drawdowns when the market
conditions are not favorable – while making a decent profit during favorable
market conditions. Whether a strategy is trend-following or countertrend or
scalping, it will survive all market conditions provided that those simple but
effective principles are incorporated into it. The markets eventually reward
those who show an earnest quest for trading mastery.
Breakdown of the
Strategy
Timeframe:
Trading style:
Indicators parameters:
Buy rule:
Sell Rule:
Position sizing:
Stop loss:
Take profit:
Trailing stop:
Risk per trade:
Potential reward per trade:
Max. weekly drawdown:
Safety rule:
Filter rule:
Instruments names:
Average orders per week:
Orders type:
Signals generation periods:
Super Trading Strategies: Super strategies
www.tallinex.com wants you to be a successful
trader
Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng
No comments:
Post a Comment