Rule-Based Trading Systems

[capt_jmj]

Yes, rules are rules, but without understanding the psychology behind them, and the traps your mind sets for you as you go about your trading, can you hope to avoid the pitfalls. It could be said that the best trader is completely autistic, in that the mind games the market's moves plays with a thinking, intelligent person fall on "deaf" ears. My post was more about recognizing what your follow-on actions would be *if* you fell victim to a weak resolve and found yourself in that situation, and that considering your subsequent actions, i.e. bailing before your are whole, what a fool's errand it was to begin with.