The best way to trade is by a set of rules. When the rules say to get in or out of the market, do it. Sure, you may have a few small losses, but when you get in and follow the signals by adding on at the proper times, then you will multiply your profits and have some peace of mind.

If you try and cherry-pick you will miss out on some very good moves and get caught with a higher percentage of losses. Cherry picking is like trying to pick tops and bottoms; you will only be right some of the time.

When I showed someone how to place their stops and stay in the market by following a set of rules they were ecstatic. You would have thought you had given them a lot of money or a special gift. The next day when I saw them they had gained around 100 pips because they were following some rules. They said that it was great to see when to get in and out. Yes they did lose a little but the new total was around 100 pips.