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Herman,
Most systems will not work all the time ...... but most system works
if there is good money management .... it is like doing business,
expenses and mistakes is part of it, but what counts is being net
profitable having more wins than losers .......
Most traders get caught up in the search for a better system. In so
doing they often never spend enough time with any one to learn it
properly.
I cringe every time an Amibroker user comes out with another batch of
indicators/patterns/systems, because I know they're stoking this
madness.
`Oh boy, more things to try!' :-(
When you've tried a system for all it's worth, give it another
couple months. Diligently. Keep records of every trade. Take notes.
Check every action you take in the calm light of retrospection, every
day after the market closes.
There are a million different reasons why a person's mind will hijack
his efforts to be a profitable trader. Put yours under round-the-
clock surveillance and see if there's a problem that's been
overlooked.
Use what everyone else uses and your success will be measured against
the performance of the majority. The bar is set too low.
I prefer discretionary trading. Being a programmer I enjoy working
with and testing mechanical systems.
I think the gulf between the two is seldom as wide as it seems. A
Mechanical system really forms the foundation for the discretionary
system. The mechanical system is the framework (foundation) of the
Architecture and the Discretionary system is the Architecture. If
the foundation is not stable, so would be the Architecture.
Discretionary trading is mechanical trading on steroids.
rgds, Pal
--- In amibroker@xxxxxxxxxxxxxxx, "Herman van den Bergen"
<psytek@xxxx> wrote:
> Hi Yuki,
>
> True, imagined, or pure nonsense, i like to hear what people think
they have
> and think they have accomplished. I will never critique someone
because
> he/she claims to have the HG or something really profitable. Those
doing so
> pre-empt the opportunity to learn. Holding back a bit, being more
tolerant,
> and giving the posters the benefit of the doubt will result in more
> interesting posts and more interesting discussions.
>
> If i can make 20%/month why shouldn't somebody with more smarts
than me be
> able to make 50, 100 or even 200%/month? I think a lot has to do
with the
> technical tools one has and efficient order placement. Execution
parameters
> are critical; you may have the HG but be unable to trade it while
somebody
> with better market access would make millions using the same
system. We,
> those on this list, will probably never be a match for those who
can spend
> millions on trading resources. Making 100+%/month might be hard
for me but I
> have absolutely no doubt it is being done.
>
> best regards,
> herman.
>
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