http://www.premiertraderuniversity.com/system/ --- FREE TRADING SYSTEM When markets are moving quickly, they can put your head in a spin and when you factor in the strong emotions that are likely to show up at these times, it’s no wonder that traders often end up tying themselves in knots. So employing a strategy that leaves no room for ambiguity is hugely advantageous. If there’s an entry, you can take it (or not). You know where you’re exits are and you know where you’ll take a loss (whether or not you’re ‘wrong’) more- http://www.netpicks.com/trading-article/amp-trading-predefined-execution-technique/

2. Sometimes trading is tough. When
markets are moving quickly, they can
put your head in a spin and when you
factor in the strong emotions that are
likely to show up at these times, it’s no
wonder that traders often end up tying
themselves in knots.

3. So employing a strategy that leaves no
room for ambiguity is hugely
advantageous. If there’s an entry, you
can take it (or not). You know where
you’re exits are and you know where
you’ll take a loss .

4. Although there will be times when you
can sense that a trade isn’t absolutely
perfect, there are some strong
arguments for mechanically defining
your ETS (entries, targets, stops).
Here are 4 of them: -

5. CLARITY
Knowing exactly what a trade looks like
and where your ETS are is a huge
advantage. Trying to figure out these
details as markets are moving and often
with very little time to act, is possible but
at the same time it can also be tricky.

6. If you have a concrete way of identifying
these key prices, you can focus your
attention on figuring out what the market
is actually trying to do and decide on
whether or not you take an entry. By
removing a decision step each time you
trade, the confusion lifts and a clearer
picture of the market can emerge.

7. REPLICATION
By knowing what your ETS are before taking
your trades, you’re able to improve your ability
to replicate performance over time. Although
conditions are not always going to be the same,
having an execution system gives you solace
when your exit price gets missed by a few prices
or even if it runs straight through your targets.

8. Without a system you can always
blame yourself for making the wrong
call. With a system, you know that
these things can always happen but it’s
okay nevertheless.

9. PERFORMANCE IMPROVEMENTS
Without knowing what you’re trying to
achieve, trades can become a little bit
random. So even if you are keeping a
good trading journal, it’s hard to figure
out what and why something is or isn’t
working.

10. Knowing exactly the types of trades
that you take gives you a far better
chance of identifying key performance
details and incrementally improve your
trading results.

11. Not only that, but if you are manually
trading you can very clearly define
what a trading error looks like – and
remember, trading errors account for a
large part of why traders are unable to
maintain consistent profitability.

12. AUTOMATION
Some people love automation and
some people hate it. But if you’re able
to mechanically define a trade and add
conditions to taking a trade, it
becomes possible to automate a
strategy if you choose.

13. Although there are weaknesses to
automation, it can make up for them
by trading a robust system in multiple
markets. Plus the fact that even if you
want to trade manually, automation
allows for trading rules and inputs to
be back-tested far more efficiently.

14. If you have a strategy that you know is
good but you haven’t been able to
translate it into profits so far, ask
yourself whether you need to define
some clearer rules of how to trade it.

15. If you don’t have one, take a look at some of the
great strategies Netpicks has got to offer:
www.netpicks.com
www.premiertraderuniversity.com
Clarity in trading is golden and by taking the
guess work out of ETS, you’ll be well on your
way to achieving it.