NEW TO TRADING?
How do YOU judge a soundly based system?
Is it results? If so how do you assess results?
It is my sincere belief that a soundly based system should be judged on the NUMBER OF DAILY PIPS.
Not weekly, certainly not monthly, and definitely not the amount of money profited.
Not even the type of system operated by the trader -eg, scalping, trend finding, swing, reversals etc, etc.
Every trader has their own fear and greed levels.
Every trader has their own understanding levels.
I am 100% convinced that when you start trading you should UNDERSTAND your own system 100%.
I wish you safe trading.
George
"Trade what you see and not what you hear or Hope."
PS - I am retired now, but when I used to trade I used high level momentum but whatever you choose, stick to your own set of rules and if it works on a daily basis, don't do anything to change it.
How do YOU judge a soundly based system?
Is it results? If so how do you assess results?
It is my sincere belief that a soundly based system should be judged on the NUMBER OF DAILY PIPS.
Not weekly, certainly not monthly, and definitely not the amount of money profited.
Not even the type of system operated by the trader -eg, scalping, trend finding, swing, reversals etc, etc.
Every trader has their own fear and greed levels.
Every trader has their own understanding levels.
I am 100% convinced that when you start trading you should UNDERSTAND your own system 100%.
I wish you safe trading.
George
"Trade what you see and not what you hear or Hope."
PS - I am retired now, but when I used to trade I used high level momentum but whatever you choose, stick to your own set of rules and if it works on a daily basis, don't do anything to change it.