Turtle trading rules

The Turtle trading system is a complete trading system, which includes all aspects of transactions. In fact, it does not leave any subjective imagination for traders to make decisions.

Most successful traders use the mechanical trading system. This is not accidental.

A good mechanical trading system can automatically run the entire transaction process. The system gives the answer to every decision that a trader must make in a transaction. The system makes it easier for traders to make consistent transactions, because there is a set of rules that clearly state what to do. The mechanization of transactions is not left to the traders to make their own judgments.

If you know that your system can make money for a long time, you can easily accept the signal and trade according to the system signal during the loss period. If you rely on your own judgment in transactions, you may find that you are timid when you are brave, but you are brave when you are careful.

If you have a mechanical trading system that plays a role and you follow it in unison, although there may be a long string of losses or a huge profit, your transactions will be consistent. Confidence, consistency, and discipline guaranteed by thoroughly tested mechanical trading systems are critical to the success of most profitable traders.

The Turtle trading system is a complete trading system. The rules cover all aspects of transactions and leave no room for subjective decisions by traders. It has all the components of a complete trading system.

Components of a complete Transaction System

A complete transaction system includes every decision required by a successful exchange:

· Market ---- what to buy and sell

· Position size-Sales Volume

· Market entry-when to buy and sell

· Stop loss-when to exit the position with a loss

· Departure-when to exit the profitable position

· Strategy ---- how to buy and sell

Market-what to buy and buy

The first option is to decide what to buy or what market to trade in. If you only trade in a few markets, you will greatly reduce the chances of catching up with the trend. At the same time, you do not want to trade in a market where the transaction volume is too small or the trend is not clear.

Position size-Sales Volume

Decisions on how much to buy and sell are absolutely basic. However, most traders often misinterpret or make mistakes.

The sales volume affects both diversification and fund management. Diversification is to spread risks among many investment tools and increase profitability by increasing the chance to seize successful transactions. The right diversification requires a similar (if not the same) bet on a variety of different investment tools. Fund management is actually about using your own funds to control risks by not placing too many bets so that you can use up your funds before a good trend comes.

The number of transactions is one of the most important aspects of transactions. Most new traders take too much risk in individual transactions, even if they have other effective trading styles, which greatly increases their chances of going bankrupt.

Market entry-when to buy and sell

The decision on when to buy or sell is usually called the decision on entering the market. The system that runs automatically generates incoming market signals, which indicate the clear price and market conditions for entering the market.

Stop Loss-when to exit the position with a loss

In the long run, traders who do not stop losses will not succeed. The most important thing about stopping loss is to set the exit point before you establish a position.

Departure-when to exit the profitable position

Many "transaction systems" sold as a complete trading system do not clearly indicate the departure of profit positions. However, the question of when to exit a profitable position is crucial to the system's profitability. Any trading system that does not indicate profit position is not a complete trading system.

Strategy-how to buy and sell

Once a signal is generated, policy considerations on implementation mechanization become important. This is especially a real problem for large accounts, because the advance and retreat of their positions may lead to significant reverse price fluctuations or market impact.

Summary

For consistent and profitable transactions, using a mechanical system is the best way. If you know that your system can make money for a long time, you can easily accept the signal and trade according to the system signal during the loss period. If you rely on your own judgment in transactions, you may find that you are timid when you are brave, but brave when you are timid.

If you have a profitable mechanical trading system and you follow it faithfully, your transaction will be profitable, in addition, the system will help you to get rid of the inner struggles that will inevitably come from a long string of losses or huge profits.

The trading system used by turtles is a complete trading system. This is a major factor in our success. Our system makes it easier for us to make consistent and successful transactions because it does not leave an important decision-making task for the trader's judgment.