Trading Rules and Market Conditions
Not many people define their trading rules. Worst still , many beginners traders have a beautiful set of trading rules written on paper , which they do not follow.
” The first rule of trading is to survive ; the second rule is that all rules can be broken if that supports the first rule ”
Life is a judgment call , but that call is based on having data and systems to make life work better ; so is with trading. We need a systematic approach to enter and exit trades. There is no holy grail in trading. A perfect system or perfect strategy does not exist. Never has , never will . Stop searching and work hard on other trading topics …
We need some form of judgment when we use our trading system , supported by your own set of trading rules and your own trading behavior or psychology.
Successful trading is an Art of using knowledge and systems at the right time. We do need systems and rules …
