See more at: http://www.netpicks.com/reasons-trading-rules/ 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. So employing a trading strategy that leaves no room for ambiguity is hugely advantageous. That is where a trading plan with precise trading rules comes into play. 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’). 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- See more at: http://www.netpicks.com/reasons-trading-rules/ - Visit our website: http://www.netpicks.com/ - Download the free indicator blueprint: http://www.netpicks.com/blueprint/ - Options Hot List PLUS Training: http://www.netpicks.com/hotlistdl/

3. Employing a trading
strategy that leaves no
room for ambiguity is
hugely advantageous

4. There are some strong
arguments for
mechanically defining
your ETS
(entries, targets, stops)

5. CLARITY OF TRADING
OPPORTUNITIES

7. By removing a
decision step each
time you trade, the
confusion lifts

8. REPLICATION OF
SUCCESSFUL
ACTIONS

9. With a system, you
know that these things
can always happen but
it's okay nevertheless

10. TRADING
PERFORMANCE
IMPROVEMENTS

12. Trading errors account
for a large part of
why traders are unable
to maintain consistent
profitability

13. TRADING SYSTEM
AUTOMATION

14. Automation has
weaknesses

15. NETPICKS TRADING
SYSTEMS FIT THE
BILL

17. KEY LEVEL
ENTRY
?

21. To fail at defining
rules, you are
surely guaranteed
to fail at trading