Day Trading System (Guide)
Systems - Designed to Get Things Done - to WIN
- Computer Trading System - a working combination of hardware, software, and data communications devices and trading services.
- Day Trading System - an ordered and comprehensive assemblage of facts and principles of trading financial instruments design to execute trades, buy and sell stock, for example.
- Any Winning System - a formulated, regular, or special method or plan to win any game. ("A combination of interrelated, interdependent, interacting elements forming and facilitating a way to consistently win." John McLaughlin, Day Trade, Day Trader – Consultant / Coach at DayTradersWin – http://www.DayTradersWin.com )
Examples - Winning Systems:
- Golf (Hobby and Career development Systems)
- Golf Course - with or without membership and club house,
- Golfer – with goals, expectations, fears, habits, strengths, weaknesses,
- Strategy – to Win,
- Tools – golf clubs, golf bad, shoes, etc.,
- Golf Pro / Caddies – to learn to play the game of golf, to get good at the game, to compete – to WIN,
- Practice – endless practice.
- Executives – CEO (Career and Business development Systems)
- Markets (Local and Global) – of buyers and sellers,
- Business – designed, produce, and market products and services,
- Personnel – to plan, implement, and both competitively and profitably carry out the plans, consistent with the business strategy,
- Strategy – business viability, profitability, customer and share holder value,
- Business Systems and Processes – to, cooperatively and coordinately conduct business – for efficient and effective interaction,
- CEO Advisors / Consultants / Coaches – to innovate and gain competence to compete – to play the business game to WIN,
- Practice – endless practice with your coach.
- Trading System (Day trader Career and Business development System)
- Financial Markets – for this trade, stock markets,
- Day Trader – goals, passion, commitment, discipline, as well: biases, losing habits, fear, greed, distractions, energy and mood,
- Strategy – to Win (Money is always secondary to Winning and Losing)
- Tools – computer systems, technical and at times fundamental analysis, day trading systems, including trading software to scan for trading possibilities, chart price patterns, and to execute trades – buy and sell stocks, for example,
- Day Trade – Day Trader – Day Trading Coach – again, to learn to play the game well, and with this coach, to learn to consistently and very profitably WIN,
- Practice – endless practice with your coach "by your side"