A winning and profitable trading system has 3 parts:
Within our strategy is where we utilize Technical Analysis, an ESSENTIAL skill if you want to actually make money in this arena. Otherwise, you’re throwing 💩 at wall and hoping it sticks. You’re spraying and praying. You’re running around like a headless chicken. TA is your best chance at finding success in the markets as you are trading with a competitive edge against your opponents.
You need a trading system to remove as much human emotion as possible in your trading plan. Why do institutions win and have the upper hand against retail traders? Because they aren’t emotionally attached to the money. It’s not their money they’re trading with, its their customers’, shareholders’, and clients’ money. In order to get in an institutional trader’s mind, YOU NEED A SYSTEMATIC APPROACH TO YOUR TRADING.