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Tuesday, December 4, 2012

An example of good trading system (Turtle Trading System)

The Turtle Trading System
“The Turtle Trading System was a Complete Trading System. Its rules covered every aspect of trading, and left no decisions to the subjective whims of the trader. It had every component of a Complete Trading System.”


This quote is taken from the published “The Original Turtles Trading Rules” at the OriginalTurtles.org website. I agree with this. It is further stated that it covers each of the following decisions required for successful trading:


1) Markets – What to buy or sell
 
2) Position Sizing – How much to buy or sell 
3) Entries – When to buy or sell 
4) Stops – When to get out of a losing position 
5) Exits – When to get out of a winning position 
6) Tactics – How to buy or sell

More information ---> http://www.technical-analysis.com/learnTA/ALookAtTurtle/ALookAtTurtle.html

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