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If you're a systems trader - what are the other "judgments" that enter into a
decision? And why can't they be incorporated into the system?
BTW - I do a lot of bond investing where I use my systems for buy/sell signals - but
they won't tell me to buy 5 year bonds instead of 30 year bonds - corporates - or
municipals. But that's a far cry from trading bond futures - or the SP500. And -
when it comes to the small part of my portfolio which I do trade - it's purely
mechanical and based on my systems (I learned that from BelAirCap - and it was a good
lesson to have learned). Robyn
A.J. Carisse wrote:
> BelAirCap wrote:
>
> > The original message was about following trading SYSTEMS. If you are a system
> > trader then there are NO times in which you PICK trades, and there are NO
> > times in which ANY trading decisions are EVER made.
>
> First, it is not necessarily the case that systems traders do not exercise
> discretion in their decisions. In fact, in my view, the ideal approach is to use
> systems only as guidelines for trading, whereby one would include other judgments
> in the decision. Second, even if one decides to faithfully follow a system, it is
> not as easy as it may seem to execute the signals accordingly. Any lack of
> confidence at all may impair this process, which one needs to overcome, which this
> reply attempts to address.
>
> Regards,
> A.J.
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