Trading with a system will dramatically improve your chances of making money in the markets.
The next challenge is to find a daytrading system that works. Today you have the chance to choose from more than 300 trading systems available. Unfortunately just 10% of them are trading profitably.
In the next three minutes I will present you the 10 Power Principles for Successful Day Trading Systems, which will help and support you in your research.
Principle #1: Few rules – easy to understand
It may surprise you that the best daytrading systems have less than 10 rules. The more rules you have, the more likely you “curve-fitted” your trading system to the past, and such an over-optimized system is very unlikely to produce profits in real markets.
It’s important that your rules are easy to understand and execute. The markets can behave very wild and move fast, and you won’t have the time to calculate complicated formulas in order to make a trading decision. Think about successful floor traders: The only tool they use is a calculator, and they make thousands of dollars every day.
Principle #2: Trade electronic and...