Get Paid As Often As You Want in Trading

This article elaborates on the one dated August 7, 2006 entitled “The Ideal Trading System”.

Yesterday, I wrote about the “trading frequency” feature of the ideal trading system.

Today’s article is about the “income frequency” feature. That is about how often you want to get paid trading.

That’s different from the “trading frequency”. The difference is that you can be putting on trades and getting losers instead of winners. You get your pay from the difference between the winners and losers, not just by putting on trades! The frequency of your trading is not the same as the frequency of your winning trades.

Do you want to get paid every day? Then only a day trading system will satisfy you.

Do you want to get paid once a week? Then your ideal system could be anything from a day trading system to a swing trading system where you hold for a few days up to a week. Even a day trading system could result in getting paid only once a week if you go for many days of losing trades.

Can you wait a whole month to get paid? Then the range of ideal systems expands from a day trading system all the way to a leisurely swing or position trading system where you hold for up to a month.

Can you wait several months to get paid? Then the range of ideal systems expands from a day trading system all the way to a leisurely position trading system where you hold for a few months is your ideal system.

Can you wait a year or more to get paid? Then the range of ideal systems expands from a day trading system all the way to a long term investment system “where you buy and hold” or “short sell and hold”. However, I don’t know of anyone who would like to use a day trading system where they lose almost every day and get one big gigantic win only once a year!

If you use a trading system that takes longer to pay you than you like, you won’t be able to follow it. You’ll take profits too soon instead of giving them enough time to grow large. The result will be that profits are too small to offset the losses that every system gets.

The converse is also true. If you get paid more frequently than you like, you won’t be able to follow it either. You’ll fail to take profits in a timely manner and allow profits to turn into losses.

Get and use a system that pays you as frequently as you want and like to get paid :)

We'll chat again soon ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
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