A successful business is similar to a successful business. You see, every successful business has a business plan so there are successful traders. The criterion reader knows that successful traders have a systematic way in which they approach the market.
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The definition of a trading system is a business plan of a trader; It defines your approach to trading …
- A well-built business system will leave no room for human judgment.
- It will define your actions given any situation.
- It is a separate set of rules
One who instructs the trader what to do and when to do it.
The importance of this business plan cannot be understood. Without a consistent set of guiding principles to conduct their trading decisions, most traders would expect from one trade to another, guided by emotion or mania.
we firmly believe that by not having a plan, you are doomed to fail.
Trading systems themselves will come in many varieties, although they take all estimates out of business.
A trading system to buy or sell will determine for you.so that you can invest in share market. System trading has consistently proven itself to be the most effective long-term trading technique.
To settle the matter, Richard suggested that they recruit and train some traders and give them real accounts to trade which of them was correct. He named his protege after visiting turtle farms in Singapore; He decided to develop the traders similar to the way turtles were cultivated, hence the name: turtle. To cut a long story short, Dennis taught his trading method to these groups of students who would later become some of the most successful traders of all time; Finally, proving that any system can be efficient in trading.
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You may have also heard the story about Richard Dennis, one of the best-known system traders ever. It happened that, in mid-1983, Dennis was running into an ongoing dispute with his long-time friend Bill Eckhardt about whether great merchants were born or made. Dennis believed that business could be broken into a set of rules that other people could learn. On the other hand, Eckhardt believed that business had more to do with innate instinct, and this skill comes naturally.