November 22, 2018

How a rules-based system can help you become a successful trader

There are many ways of trading at the markets and all of them are good.  Conversely, there is no one strategy that can be considered the best over a long period of time. The key to success is consistency. 

You will find this common with all successful traders; they are consistent with their core methods. Define your core strategy and practice it consistently. Overcoming all noise and sticking to the one is a key to achieve consistent success in markets.

There are many distractions that will influence you to lose focus. It is very important that you have a set of rules and a trading plan. In the long run, a disciplined trader would outperform well informed or intelligent traders.

By setting up a process, we end up managing the risk and the markets will take care of rewards automatically.

Read more at https://www.moneycontrol.com/news/business/how-a-rules-based-system-can-help-you-become-a-successful-trader-3208801.html

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