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consider a system fully tested when I use it for 200 orders at least.
3 Self Control
You will find yourself in front of an order that has 5 more pips before it hits the limit and you will click the mouse and close the order because you will be afraid the market could turn against you and you might loose what you just won.
There are 2 feelings here...fear and greed.
greed- An excessive desire to acquire or possess more than what one needs or deserves,UGGS Bailey Button, especially with respect to material wealth (by Dictionary.com )
This means your system doesn't deserve more and when you try to close your position before your system does it it means you cheat. You let your feelings take over the control on your mind and over your rational part of the brain. This is a bad thing, because doing so you will develop a pattern which will bring you ######## information like the average profit your system brings you. That is altered data, because you interfere. You have to control yourself and not interfere with in your system.
Feelings are good...in music, in painting, in poetry, in love...but in trading are very very expensive and that is why they must be removed when you sit down to your trading desk.
Another aspect of self control is to trade only when you see an opportunity, a signal...don't just trade because you feel like it today. If the market tells you nothing, it should be a golf day or a day to spend with the family. If the market tells you nothing , you should not trade. It is a matter of self control.
4.Honesty
The last thing inside you that is directly linked with your profit is being honest. If a system it just doesn't work, you should be honest and admit it. The market is never wrong...the market is always right,Moncler Kids Jackets, no matter what. It might be irrational,moncler online, it might be illogical you could get up from your trading chair one day and say ... It doesn't make sense.. Yes, the market often doesn't make sense, but it is right. And if you don't make a profit, your system is wrong, not the market.Arguing with the neighbor, with a brother, a sister, a colleague is a common thing, we usually get over it soon and sometimes with certain people arguing it becomes a pattern. But that is ok if certain limits are respected.
But..
...arguing with the market is very expensive. If the market is right and you are wrong it costs you money, and remember what I said about when the market is right?A L W A Y S...so..be honest: If you are not making profits the system should be improved.
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