An Additional Note for Rules

I just got a thought concerning rules for trading. This is to let you know whether the rules you have set up will work in the long term, or not.

If you are doing a trade, and you feel your heart racing with the excitement as to whether the trade will win or not, chances are you do not have the kind of rules in place that will make you money in the long term. If the actions of putting on a trade, and everything else that you do to complete it seem a little boring or just a day-in, day-out type of feeling, chances are that is a system that will make you money in the long term.

I know this because I go against it all the time. I am constantly wondering if I am doing the right thing. That is because I do not have the proper rules in place that tell me what to do, and I have not paper traded enough to set up those rules. I am impatient, and it is getting me killed.

Next week, I am going to start paper trading this method, because I know somewhere in here is a good method for trading, and if the proper rules are followed, money would be made on the long term. I will keep you posted on the results of my paper trades, the criteria I used, and how it is coming out.