It is easy to know when to start after a counselor or a trading system – to begin operations as soon as you determine that investment is good for you. But you know when you'll stop pursuing this new system?
If you follow your own system exchange, or after a warning, a newsletter or other service, if you do not have an exit plan to leave, you should.
Why? Studies have shown that when people are under stress, often make bad decisions. Certainly, if you were to lose money with systems that stood out. Therefore, you might when you're losing is a bad time to determine the time of departure.
Ideally, you have already determined when to stop their activities during
• Maximum drawdown
• consecutive losers in a row
• Amount lost in a week / month / year
Overall profit after months • X
• Photo drops winning percentage under XX%
• major disruption to its trend line of personal capital, or move the capital own
• The new highs or breaking another metric "good" (yes, some people try to quit at the top)
• Anything that can measure and control
Select the exact condition is probably not as important as writing on the ground and stick to it. That's the key. It must be solid, final writing. Ideally, you also have your spouse or friend, too, because it is more difficult to backtrack to make a public proclamation.
I heard that the criteria Release of a company money management is 1.5 times the maximum reduction and a commitment of 24 months. Not bad, but it is best that you feel comfortable with – that can last.
You worry far less about the performance of your system if you are writing and follow
Kevin Davey is an award winning private futures, forex and commodities trader. He has been trading for over 18 years. In each of the years 2005-2007, Kevin achieved over 100% annual returns in a Real Time, real money, year long trading contest, finishing in first or second place each of those years.
Kevin maintains a website, http://www.kjtradingsystems.com, where you can find useful free information on trading. Also, visit his site and learn how you can follow Kevin’s trades as they happen.
(c) Copyright – Kevin J. Davey. All Rights Reserved Worldwide.
Article Source: http://EzineArticles.com/?expert=Kevin_Davey
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