Valid Trading Methodology
Comes From
1) Integrity is a concept of consistency of
actions, values, methods, measures, principles, expectations, and outcomes. In
ethics, integrity is regarded as the honesty and truthfulness or accuracy of
one's actions. Integrity can be regarded as the opposite of hypocrisy, in that
integrity regards internal consistency as a virtue, and suggests that parties
holding apparently conflicting values should account for the discrepancy or
alter their beliefs.
2) Persistence is
the ability to maintain action regardless of your feelings. You press on even
when you feel like quitting. When you work for any big goal, your motivation
will wax and wane like waves hitting the shore. Sometimes you’ll feel
motivated; sometimes you won’t. But it’s not your motivation that will produce
results — it’s your action. Persistence allows you to keep taking action even
when you don’t feel motivated to do so, and therefore you keep accumulating
results.
Persistence will ultimately provide its own motivation. If
you simply keep taking action, you’ll eventually get results, and results can
be very motivating.
3) Intuition is the
ability to acquire knowledge without inference and/or the use of reason.
4) Discipline is the
assertion of willpower over more base desires, and is usually understood to be
synonymous with self control. Self-discipline is to some extent a substitute
for motivation, when one uses reason to determine the best course of action
that opposes one's desires. Virtuous behavior is when one's motivations are
aligned with one's reasoned aims: to do what one knows is best and to do it
gladly. Continent behavior, on the other hand, is when one does what one knows
is best, but must do it by opposing one's motivations. Moving from continent
to virtuous behavior requires training and some self-discipline.
5) Confidence is
generally described as a state of being certain either that a hypothesis or
prediction is correct or that a chosen course of action is the best or most
effective. Self-confidence is having confidence in oneself.
6) Faith is
confidence or trust in a person or thing, or a deity or in the doctrines or
teachings of a religion. It may also be belief that is not based on proof.
Then you may be able to get consistent - (of a person, behavior, or process) Unchanging
in achievement or effect over a period of time.
But consistent never being able to get from the Invalid Trading Methodology
Invalid Trading Methodology Comes From
1) Fear
is a vital response to physical and emotional danger.
2)Doubt is a status
between belief and disbelief, involves uncertainty or distrust or lack of
sureness of an alleged fact, an action, a motive, or a decision. Doubt brings
into question some notion of a perceived "reality", and may involve
delaying or rejecting relevant action out of concerns for mistakes or faults or
appropriateness.
3) Anger is an
emotion related to one's psychological interpretation of having been offended,
wronged, or denied and a tendency to react through retaliation.
4) Indecision The
inability to make a decision.
If most of your time trading, you always feel like this. That show you have an invalid Trading Methodology. It is time to change your Trading Methodolodgy.
I have got my own Trading Methodology that I put into every Trading System that I have been creating.
- Reliability.
- Risk to Reward Ratio.
- The number of trading opportunities.
- The size of trading capital.
- Position sizing strategies.
- Trading System base Short Term Trend, Long Term Trend and Turning Point.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.