This Money Mondays is an extension of last week’s discussions on Understanding Trading Strategies. Today, we will be covering the 5 Main Strategy Components and How to define rules around each area that is required for successful trading.

The Following is Critical When Building Trading Systems:

A Defined Set of Rules Around:

  • Entry
  • Exit
  • Trade selection
  • Directional bias
  • Market Selection

A Defined Set of Rules Around:

  • Capital allocation
  • Position sizing
  • Money management

A Defined Set of Rules Around:

  • Risk management
  • Trade management
  • Routine, trade planning and discipline

You can learn more HERE!

Today we will be discussing the 5 Main System Criteria:

“Trading success requires you to have a good method and be a good trader in order to succeed…You can’t have one without the other and expect results!” – SK

Watch this week’s Money Monday (Trader TV Show) below  to learn about the 5 Main System Criteria!

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See you soon!