Jimmy,
What do you think about this idea that a discretionary rule after being repeated so often can become a mechanical rule. it seems to be along the lines of what you are saying here... or is it? thanks SMJ
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I think the original question was about the rules for ones methods of trading, money managment, and style. I think that these might be broken down into seperate catagories, and you might decide to write down the "rules" for each seperately, because, for instance your rules for your frame of mind before entering a trade might chage over time, but your mechanical reasons for entering the trade might not, or vice versa."
What do you think about this idea that a discretionary rule after being repeated so often can become a mechanical rule. it seems to be along the lines of what you are saying here... or is it? thanks SMJ
"
I think the original question was about the rules for ones methods of trading, money managment, and style. I think that these might be broken down into seperate catagories, and you might decide to write down the "rules" for each seperately, because, for instance your rules for your frame of mind before entering a trade might chage over time, but your mechanical reasons for entering the trade might not, or vice versa."
Quoting JaxPacificDislikedI would say yes and for that exact reason. But it ends up looking a lot like a journal. I've gone through three notebooks doing this. Sad I know but I'm dedicated. What happens is: you have your basic system and a few discretionary rules. You'll keep finding better and better rules (or just better ways of explaining them) until after a while some work so well they become a part of the mechanical system. Is this helping at all??Ignored