Trading Essentials

Contents

1. "Treat all signals the same."
2. "Successful systems traders control their level of risk."
3. "The professionals plan their trade exits in advance."
4. "The most important thing of all is to follow your system."
5. "Trading software should be selected according to pedigree."
6. "Professional traders use step testing methods to test their systems"
7. "Looking at what your trades do is the way to get ideas."
8. "Money management is the most important but most neglected function in commodity trading."
9. "Professional traders direct their systems towards their goals."
10. "Professional traders spend time maintaining their systems."
11. "Professional traders favor the heavily traded markets."
12. "Professional traders test their systems in near live market conditions."
13. You can't create a suitable system without your personal goals.
14. "The professional trader predetermines the size of risk he is prepared to take."
15. "No system should be used until it has been thoroughly evaluated."

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