Systems Trading, Money management, and Psychology

October 28th, 2014, 07:40 PM

Entering day trading with a systems mentality, I was surprised to learn that cutting losses was the biggest mark of discipline. Me I would have thought sticking to one's guns would be, but going in, I was assuming all I'd need would be to just listen to my system when it told me to get out.

Following a systems makes leaving easier, doesn't it? That's why I prefer them as a concept.

November 28th, 2014, 03:00 AM

Noitartst

Entering day trading with a systems mentality, I was surprised to learn that cutting losses was the biggest mark of discipline. Me I would have thought sticking to one's guns would be, but going in, I was assuming all I'd need would be to just listen to my system when it told me to get out.

Following a systems makes leaving easier, doesn't it? That's why I prefer them as a concept.

.IM having a good system but following is difficult. System says buy but my brain tells me wait there is a news about that, one of the expert in chat room is suggesting short will be risky to buy listening to the system etc etc. And my treading gets affected. Watched many videos sometimes make good profits but not listening to my system wipe out major part my gains.

Systems Trading, Money management, and Psychology

Discussion in Psychology and Money Management

Systems Trading, Money management, and Psychology