exp system

[exp]

http://www.investorshub.com/boards/read_person.asp?membernum=12839&nummsgs=2
more excerpts:

"...traders who temper their emotions and stick with trading plans fare better than their more emotional and impulsive peers..."

"...a disproportionate number of the successful traders-about half-reported utilizing mechanical trading systems. Of the unsuccessful traders, none were mechanical traders..."

"...the successful traders, it turned out that even the ones that were not systems traders were basing their trades on patterns that they had carefully researched. Conversely, almost to a person, the unsuccessful traders lacked such grounding in patterns and research..."

"...A major reason they were successful, I believe, is that they used trading rules both to guide their trading and to maintain a positive mindframe..."

"...By reducing trading to a set of rules, traders lessen their ambiguity so that they can function in a relatively automatic mode...."

(all this only confirms what i have personally observed and recently conceptualized...which can be boiled down to two key principles:
(1) AVOID EMOTIONS and (2) FOLLOW THE SYSTEM...
what's really interesting that these two principles seem to be synergistic and co-dependent...both of these articles are among the most important things i have ever read on trading...)