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How to Develop a Winning Trading System That Fits You (Audio Only)
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About How To Develop A Winning Trading System That Fits
To familiarize you with the psychological pitfalls of system development. At the very least, it's critical that you understand that you only trade your beliefs about the market, not the market itself. To help you understand the key concepts and steps in system development, including expectancy, R-multiples, system quality and position sizing strategies. To help you understand the power of objectives and how objectives influence your results, to give you practice strategizing with some objectives in our simulations, and to help you understand what is required of system development objectives. If you understand the power and importance of objectives and use this sort of strategizing to meet them, your whole approach to system development will change. To help you understand some of the key concepts that you could trade that actually work: Trend following, especially trends based upon fundamentals. Band trading. Value trading where value is defined as buying things at pennies on the dollar. Mental scenario trading. Seasonal tendencies when these are "real" and not statistical abnormalities. Spread trading and arbitrage. To help you define "R" in your trading and develop appropriate setups, entry, and a stop loss. To familiarize you with the key parts of a system and give you good examples of each part. To help you decide what criteria you might have to meet before you are willing to trade a system. These are going to be based upon your own values, not someone else's. To make you more familiar with the key to meeting your objectives-position sizing strategies-so that you have a good chance of meeting your objectives. To teach you how to determine the quality of your system is whether it is a Forex day trading system or a stock value investing system.
