Trader Mindset

Trading systems are great, but they can still push your buttons


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I advocate that you should consider building a trading system as part of your trading evolution. 

You can build your sense of discipline over time and your trading system can help with that process.

You'll need the simulator and the data feed if you go that way.

A good simulator will run you $2-4k and the data can be a few hundred per month, depending on how many markets you want to backtest.

We teach people how to do it by hand so you can eventually determine how you want to invest your time. 

You can connect with me here to learn more about how we do that. 

I didn't have a choice but to do it by hand as there weren't any simulators around at the time. 

I used Lotus 123 to build my models and run the macros. 

A trading system will generate all your entry and exit orders, as well as your position sizing. 

Yet you'll still have to put the trades on. That's where the discipline comes in. 

If you're in fear about what's going on in the world, you may have significant reluctance to enter that order.

We talked about the variance between you and your rules in an episode last week. 

In the end, I recommend you build a system. You'll learn a lot about yourself and you can grow into your rules. 

You can email me if you have any questions and I'll point you in the right direction.

Click here to get your free copy of The Inner Voice of Trading audiobook


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Trader MindsetBy Michael Martin

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