Build a system that fits your character, knowledge and situation.
Always predefine your risk R, and express the expectancy of a system in multiples of this.
Use an exiting strategy that maximizes the expectancy of your system, but always remember that it must also fit your personality
A system with a high expectancy per trade and a lot of opportunity can be highly profitable in the long run
And lastly, position sizing is the most overlooked aspect of a trading system, but it can mean the difference between financial excellence and personal bankruptcy, even with an otherwise perfect system
1. Trading That Fits
2. The Notion of R
3. Exiting Techniques
4. Opportunity
5. Position Sizing – The Most Important Part of a System