How strictly do you follow your system/ strategy…….?

MoneyTec Forums General Trading Forum How strictly do you follow your system/ strategy…….?

This topic contains 23 replies, has 5 voices, and was last updated by  Alex 1 year, 2 months ago.

Viewing 9 posts - 16 through 24 (of 24 total)
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  • #642

    intradayforex
    • 0

    I would assume most people have various trading methods? I’ve also read that trading methods must change over time with the fluctuation of the market… so what worked three months ago could be the complete wrong thing to do for today.

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    #643

    murali603
    • 0

    Most of people maintain some Multiaccounts and they use different different strategies and money management in those accounts to save themselves from bankrupting, so that the profits will be averages by month. If one strategy fails then another will save them.

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    #644

    andry777
    • 0

    It is important to have good trading plan and we must follow it consistently if we want to trade well. No matter how stict we are to follow our rules, if that is not followed by good MM that will be bad. Good analysis must be supported with good MM and our good discipline will be matter if we followed trading plan well.

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    #645

    gillitrader41
    • 0

    Only disciplined traders make money. If you are not sticking by the rules and changing you mind every now and then, there is no way you are going to make money.

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    #646

    andry777
    • 0

    If you want to follow your system well then you should be confident with your own analysis in forex trading. Because of that, you must practice well in demo account so you can create good trading plan which could be followed strictly in any conditions. And also you should prepare good risk management so you won’t feel worry when your analysis was not working well.

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    #647

    Patricia12
    • 0

    Agree with superfxtrader practicing lot is a good strategy..having a perfect plan help you to gain profit.

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    #1474

    Peter Parker
    Participant
    • 29

    The obvious intention is to make sure to follow it absolutely picture perfect like, but often you just get out of track due to the emotions. That is where you need to be so tight and experience is the only thing that will help. Mostly, I am within my strategy, but I do face situations where I go out of it.

    Anyhow, it’s just part and parcel of traders life and should not be taken negatively!

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    #1546

    Coleen
    Member
    • 26

    I always plan to follow these things strictly since it is not by choice but by requirement. That is why we need to be extremely tight with the strategy that we are going to use and that will help us with making solid money. I believe demo account is the best way to be able to figure out the right strategy for us and if we don’t use it then we will not reach anywhere.

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    #1763

    Alex
    Member
    • 25

    Well, I mostly try to keep my strategy very close to my heart and try to follow it very strictly. But then it only is going to work out according to good money management, so we need to put a lot of time into it.

    If we work out through proper money management and all that, then we will be able to work out with doing things. So, that’s why we need to balance out doing things.

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Viewing 9 posts - 16 through 24 (of 24 total)

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