If you want to make money trading and consistently make money trading, it’s important to review proven trading methods and techniques on a regular basis.
There are always new interpretations or processes to be integrated into your current system but maintaining a structured approach to the market is the best way to achieve consistent returns.
It is also crucial to have a precise set of rules to control your actions when positions don’t react as expected.
These guidelines must be simple enough to remember and execute. These rules should apply across a wide range of situations and be designed to compensate for one’s weaknesses and inadequacies. To be effective in the long-term, they must be formulated to help you maintain discipline on a general basis and offer a timely memory aid for difficult situations.