Normal
The benefits of trading a mechanical system are "consistency of signals"If you can trust your signals, it gives you the confidence to keep pulling the trigger & no intervention (skill) is required.I only want to buy into a confirmed trend All traders want to get on the move quickly, any breakout will do that displays price & volume (that's a given) but where I differ is in my approach to getting off the ride. Traders can have the sharpest entry but if they stay on the ride too long all their good work is for nought.From my experience Traders experience difficulties deciding when the ride is over. I'm not concerned about grabbing profits - I'm concentrating on timing the exit with consistency & if I can achieve this the money will flow. Different strategies require different exits, it's about dancing to the music being played. Not one exit works for every strategy.We as humans are really good at one thing "Selecting only the evidence that supports what we want to believe"Enough said..Skate.
The benefits of trading a mechanical system are "consistency of signals"
If you can trust your signals, it gives you the confidence to keep pulling the trigger & no intervention (skill) is required.
I only want to buy into a confirmed trend
All traders want to get on the move quickly, any breakout will do that displays price & volume (that's a given) but where I differ is in my approach to getting off the ride. Traders can have the sharpest entry but if they stay on the ride too long all their good work is for nought.
From my experience
Traders experience difficulties deciding when the ride is over. I'm not concerned about grabbing profits - I'm concentrating on timing the exit with consistency & if I can achieve this the money will flow. Different strategies require different exits, it's about dancing to the music being played. Not one exit works for every strategy.
We as humans are really good at one thing
"Selecting only the evidence that supports what we want to believe"
Enough said..
Skate.
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