Replies to post #2566 on Rule-Based Trading Systems

[Y worry Murray]

Rule #1: Never, never, never ever forgo the normal protective stop
Rule #2: Never, never, never ever double and triple down

Most of us have made these mistakes and learned the bitter lessons the hard way. They are necessary in order to survive as a trader.

[farooq]

capt_jmj,

Ah ha that is one of the most important reason for failure.

If one can control his emotions he is already a very good trader.

Nugget of pure Gold.

Thanks for reminding.

Follow the set up not your hunch. Trade happy if unhappy with trade get out and think again it cost almost nothing to get in again now a days.

Farooq