A trading style is a predefined set of rules and parameters that you use regardless of your trading strategies or trading systems. A trading style is the first thing a trader needs to develop before they will become consistently successful at trading.
Trading Styles define:
The amount of capital you will need.
The size share lots you should use.
The price range you should trade.
The entry signals you should use.
The exit signals or exit strategy you should use.
The indicator settings to use.
The duration or time period of the trade.
The risk tolerance you need to have for each trade.
Your years of experience in trading the market.
The amount of time available you have to trade.
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Copyright © 2007, Martha Stokes, C.M.T. & Howard Johnson. No part of this web site may be reproduced in any form without expressed written consent.
