Dr Alexander Elder says “Successful traders are willing to embace the risk it takes to trade their system. They accept that not every trade will make money but over a series of trades they will accumulate profits.”
“The simple and effective way to build wealth is to invest in index funds every month, through out your career.” – Dr Muthukrishnan
- “It is the trader that destroys his own edge:
- You violate your rules.
- You let losses run.
- You are impatient.
- You listen to tips.
- You take profits too soon.
- You increase the risk.
- The key is to work on your mindset. This will help you to your trading well.”
- – Julian Komar.
The most important three words in system trading is “Trust, but verify”. Just don’t blindly believe whatever experts say, whomever it is, you must backtest & verify it yourself.
