In this post I am going to provide some tips and information about how to form yourself as a successful system trader. Why system? Trading systems are the best way to control yourself from different biases that lead to bad investment decisions. You force yourself (or just make a trading robot, who makes all trades for you) to follow the specific predefined instructions. However, it isn’t all easy. The most difficult process of the making of a trader is selecting your strategy and timing.  You need to find technical indicators that will form your system and may be specific fundamental data which will generate buy/sell long-term or short term signals. There is not much real info to learn and not matter how much books you read, as the majority of your success depends upon what’s in your brain. So, here are my tips:

• All markets - equities, futures, FOREX or bond have its particular charting or fundamental patterns. So, finding patterns that repeat from time to time and which have existed for a very long period of time is the key to building a system. Moreover, I believe that besides charting anf undamental patterns volume indicators are also very useful. They are based on the traders’ sentiment, onthe sentiment of the crowd.
• Timing strategy is also very important. In fact, it really defines your success. The trading signal itself without timing is nothing. Unless you set up your timing strategy you won’t be able to trade or invest profitably. Do not forget about risk management and psychology.
• The more complicated your system is, the worse. Your system needs to be easy to understand. According to the staistics, there is a negativecorrelation between system profit and its complexity. In other words, keep your system as easy as you can. I am not the only one who tells that, really.
• Do not hesitate, when making your decision to buy or sell a security. Lack of confidence won’t help you make more money. However, overconfidence can also lead to poor results.
• Always control yourself.
• Do not fill your brain with lots of news information. It will show you the wrong way. When making your decision you need to take into account your system signals, your timing strategy and psychology (self-control).
• Do not take profits as soon as you are in the green for very small value. In other word, don’t take profits quickly.
• Do not place stops too near the entry price.