Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Search the Community

Showing results for tags 'perfect trading system'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Welcome to Traders Laboratory
    • Beginners Forum
    • General Trading
    • Traders Log
    • General Discussion
    • Announcements and Support
  • The Markets
    • Market News & Analysis
    • E-mini Futures
    • Forex
    • Futures
    • Stocks
    • Options
    • Spread Betting & CFDs
  • Technical Topics
    • Technical Analysis
    • Automated Trading
    • Coding Forum
    • Swing Trading and Position Trading
    • Market Profile
    • The Wyckoff Forum
    • Volume Spread Analysis
    • The Candlestick Corner
    • Market Internals
    • Day Trading and Scalping
    • Risk & Money Management
    • Trading Psychology
  • Trading Resources
    • Trading Indicators
    • Brokers and Data Feeds
    • Trading Products and Services
    • Tools of the Trade
    • The Marketplace
    • Commercial Content
    • Listings and Reviews
    • Trading Dictionary
    • Trading Articles

Calendars

There are no results to display.


Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


First Name


Last Name


Phone


City


Country


Gender


Occupation


Biography


Interests


LinkedIn


How did you find out about TradersLaboratory?


Vendor


Favorite Markets


Trading Years


Trading Platform


Broker

Found 1 result

  1. What would you rather have the perfect trading system or the perfect soul-mate? Don't answer that out loud! I would venture to say that most traders are so “into” their trading that they would hesitate when pondering that question. By the way, the answer is the perfect soul-mate. That's because there is no perfect trading system. The perfect trading system is the right system for you. Let's assess. Are you the Impatient Type? Let me stress here that by impatient, I mean that you don't like the notion of waiting more than, say, a day, to see your trade results. You use logic like “I don't like to stay in a trade overnight, because that's where the risk is… anything can happen in these crazy times.” Or.. “My signals are just as valid with a 60 second chart as they are with a weekly chart and I'd rather be able to keep adjusting.” These things that you say to yourself (valid or not) come from your inner-self trying to move you to comfort. Are you the Position-Trade Type? You say, “The market can be controlled short-term, but eventually the fundamentals come home to roost.” Or..”I'm not looking to eat up my capital in transactional costs. As far as I'm concerned, the trend is your friend and I'll stick with a trade.” Are you the Where The Action Is Type? You tend to think, “A signal is a signal, whether it's on a 2-minute chart or a monthly. When my signal sets up, I GO!” You add, “Sometimes I don't even know which commodity I'm looking at. That really doesn't matter to me. I just care about the technical pattern.” I won't bore you with more types, because they are unlimited. In my coaching of traders for years, these above types were the predominant ones. There is no right and wrong type. There is only assessing which type you are comfortable with perceiving yourself as and then committing to a trading system that reflects that type. There are plenty of winning trading system, of all types, that can be very successful. The best way to have a good system work for you is if you can follow it's signals without hesitation. You are more likely to follow your trading signals if the system “agrees with you.” Now look inside yourself. Then commit to following what your tested system tells you to do! You must win the BATTLE WITHIN YOURSELF first, before you can win with the markets. My best, Norman Hallett
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.