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Follow a systematic approach to trading from "summary" of Secrets You Never Knew About Stock Market Investing and Trading by Swaminathan Annamalai
To be successful in trading, it is essential to have a systematic approach. This means having a well-defined strategy that guides your trading decisions. A systematic approach helps you avoid making impulsive decisions based on emotions. Instead, it allows you to follow a set of rules that have been proven to be effective in the long run. One key aspect of a systematic approach is having a clear set of entry and exit rules. This means knowing when to enter a trade and when to exit it. By following these rules consistently, you can avoid holding onto losing trades for too long or exiting winning trades too early. This can help you maximize your profits and minimize your losses over time. Another important aspect of a systematic approac...
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