Every trader (you, included) has his or her own agenda. Only you know what works for you, system-wise and emotion-wise. Trust in your tested trading system.
There are many systems that can generate nice profits over time. To settle on a trading sthat’s right for you: First, you have to believe in the process by which the system generates trades. Who was Fibonacci, and how did he arrive at his methodology? Does it make SENSE to YOU?
There are plenty of winning trading systems, of all types, that can be very successful. The best way to have a good system work for you is if you can follow its signals without hesitation. You are more likely to follow your trading signals if the system “agrees with you. You must win the BATTLE WITHIN YOURSELF first, before you can win in the markets
… I knew that the more they tested and saw that their system would have been successful, the more they would TRUST in the system and have the strength the follow its signals, especially through rough periods. Apparently, simply back-testing and seeing “would-have-been” results wasn’t enough to keep these traders in emotional control.
Second, a common mindset is that the primary key to being a successful trader to hook your wagon to a guru or trading system and then following that system to riches. The problem is that all (even great) trading systems experience draw-downs and you wind up blaming the system for losing rather than doing what is painful for some… blaming yourself (for not having the courage to trade through adversity)!
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