Stock Trading Tip: How to ensure you follow your trading system

The next really important stock trading tip is that if your trading system doesn't suit you, then you won't follow it consistently. You see, all traders have different personalities, different objectives and different lifestyles. And some trading systems will be right for you and fit you and some won't. Those that are right for you and fit you will be psychologically easy for you to follow because they suit your personality. They'll also be easy for you to follow physically in the real world because they suit your lifestyle. If you've got a full time job and you're trying to trade a day trading system that is entering and exiting 15 times a day, it's going to be almost impossible for you to execute that system correctly because you just can't fit it in with your lifestyle. Similarly, if you are sitting at home and you've got no job and all you're doing is looking at the markets and you've got a trading system that is very long term trades very informative. Frequently it's probably going to end up being very frustrating for you because it won't be enough activity. So having a trading system that suits your lifestyle is also critical. Otherwise you won't be able to follow it consistently. You can end up making mistakes. And then finally, objectives. If you, if you have a trading system that, that doesn't meet your objectives in terms of return or drawdown, particularly drawdown, then it's going to be quite difficult for you to follow it. Let's say, for example, you're comfortable with up to a 25% drawdown on your account, but you've got a trading that might suffer a 30% drawdown that then becomes very difficult for you to follow because the drawdown is going to be psychologically uncomfortable for you and you're going to want to change the rules, bend the rules, break them or just stop trading the system. So you have to look at the trading system that you've got and decide whether or not it actually fits you. If it does, it's going to be very easy for you to trade and follow it consistently. If it doesn't, then maybe it's time to look for a different trading system or adjust the trading system better suit your personality, objectives and lifestyle so that you can follow your system more consistently. So that's stock trading Trip Stock Stock Trading TIP from Enlightened Stock Trading for today. If your trading system doesn't suit you, you won't follow it consistently. So find one. Find a system that does and your trading will improve. You'll make less mistakes and you'll get better results with less time, effort and stress. My name is Adrian Reed. This is Enlightened Stock Trading. I'll see you in the next stock trading tip. Bye for now.