Why don’t other people’s trading rules work for you?
Because the trading rules you came up with are impossible to follow. You copied them directly from things you heard or read from others, then pieced them together based on your own experience and habits!
If you want to develop trading rules that are truly your own, you need to keep learning and reviewing your trades. Build a sound, systematic approach to analysis, stock selection, and timing, then add an execution plan based on that approach. Only then will you have a trading system that’s truly your own—and be able to keep your impulses in check!
Only by improving your understanding can you build a trading system that’s truly your own. If you can’t follow your system, it’s because you copied it instead of building it from your own understanding. So remember: you can’t make money beyond what you understand!
Because the trading rules you came up with are impossible to follow. You copied them directly from things you heard or read from others, then pieced them together based on your own experience and habits!
If you want to develop trading rules that are truly your own, you need to keep learning and reviewing your trades. Build a sound, systematic approach to analysis, stock selection, and timing, then add an execution plan based on that approach. Only then will you have a trading system that’s truly your own—and be able to keep your impulses in check!
Only by improving your understanding can you build a trading system that’s truly your own. If you can’t follow your system, it’s because you copied it instead of building it from your own understanding. So remember: you can’t make money beyond what you understand!