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We all need a trading plan
But finding a trading method that actually works is not as simple as it sounds. Being methodical & consistent is the road to success in this game. I like to "bang on about system trading" as it reduces the amount of time your trading takes each day or week. With system trading, it even allows you to hard-coded rules that go in some way in making up your trading plan. But the real issue that faces us all is "determining" whether your trading rules are profitable.

All trading is trend following
A trend-following system is a relatively straightforward approach to system trading that can be readily developed & managed with little effort. Finding an "entry condition" isn't that hard as "getting in" has never been a problem. Getting out isn't an issue either, but getting out at the "correct time" is.

Rules-based exits
In trend-following systems, the exit rule is based on some measure of whether the trend has ended. There are many ways to measure when you believe the trend has ended or the risk of remaining in the trend is no longer warranted. I must say, there are a lot of moving parts when it comes to trading that has no rules. With no rules, you can make them suit yourself.

Skate.

<blockquote data-quote="Skate" data-source="post: 1180236" data-attributes="member: 57364">We all need a trading planBut finding a trading method that actually works is not as simple as it sounds. Being methodical &amp; consistent is the road to success in this game. I like to &quot;bang on about system trading&quot; as it reduces the amount of time your trading takes each day or week. With system trading, it even allows you to hard-coded rules that go in some way in making up your trading plan. But the real issue that faces us all is &quot;determining&quot; whether your trading rules are profitable.All trading is trend followingA trend-following system is a relatively straightforward approach to system trading that can be readily developed &amp; managed with little effort. Finding an &quot;entry condition&quot; isn&#039;t that hard as &quot;getting in&quot; has never been a problem. Getting out isn&#039;t an issue either, but getting out at the &quot;correct time&quot; is. Rules-based exitsIn trend-following systems, the exit rule is based on some measure of whether the trend has ended. There are many ways to measure when you believe the trend has ended or the risk of remaining in the trend is no longer warranted. I must say, there are a lot of moving parts when it comes to trading that has no rules. With no rules, you can make them suit yourself.Skate.</blockquote>

[QUOTE="Skate, post: 1180236, member: 57364"] [B]We all need a trading plan[/B] But finding a trading method that actually works is not as simple as it sounds. Being methodical & consistent is the road to success in this game. I like to "bang on about system trading" as it reduces the amount of time your trading takes each day or week. With system trading, it even allows you to hard-coded rules that go in some way in making up your trading plan. But the real issue that faces us all is "determining" whether your trading rules are profitable. [B]All trading is trend following[/B] A trend-following system is a relatively straightforward approach to system trading that can be readily developed & managed with little effort. Finding an "entry condition" isn't that hard as "getting in" has never been a problem. Getting out isn't an issue either, but getting out at the "correct time" is. [B]Rules-based exits[/B] In trend-following systems, the exit rule is based on some measure of whether the trend has ended. There are many ways to measure when you believe the trend has ended or the risk of remaining in the trend is no longer warranted. I must say, there are a lot of moving parts when it comes to trading that has no rules. With no rules, you can make them suit yourself. Skate. [/QUOTE]

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