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I enjoyed reading all the informative things said about markets and the
ability of programing the market and indicator patterns into a successful
trading system.
By chance if I should write such a system which in its self would be a
major accomplishment the work will have just begun. The mental toughness it
takes to go through the gore of loses to get to the winners is no walk in
the park which also depends on very sound money management. This ability or
discipline to accomplish this is not a god given gift in my opinion. Its a
lot to ask day in and day out of the person who's money is at risk
operating such a system with little to no experience to expect positive
results over time. The confidence one gets from back testing and the
profits shown can look very impressive. But unless you have experience the
losses that can and do bring down the strongest of mental individuals and
those test results will never be achieved. I think this can and is overcome
with experience. To the the claim of TS you can test your trading ideas
without risking a dime is correct but when you really trade them ooP'S. The
only way to get this experience needed to achieve the test results is a
hard road to travel by actually trading. If one has developed a system
showing the upper 60 to low 70 percentile over 10 year history and a solid
money management included then the next step would be to hire somebody to
trade it for you in my opinion given you lack experience. Because enough is
not said about how difficult trading can be if your personally involved and
don't have the experience. Then I would give x amount of money to this
system then take my initial investment back out as soon as I could. The
ideal situation for me would be to find in the S&P Futures which trades
about 1,875 minutes per week one 10 minute time period every week thus one
trade. Based on a system that would give me say a 95% accuracy rate during
that one 10 minute time frame, what I can dream can't I. After that you
would only read about me in the news papers. I would own the paper you read
it from as well in a year. So learning easy language the markets to write
the great system is not the ultimate goal although a worth while goal. Only
the money after its resting safely in the bank is the goal it doesn't end
with just writing a system. Until that day comes join me running through
the mine fields of trading hoping that if I get hit I don't lose both legs
so I can hop out not crawl. I envy the man who said he was not gambling but
just raking in the money what a wonderful attitude. But I'm one of those
who thinks risk and gambling are the same thing just that risk can be
quoted as a percent and gambling as odds. I think that involves Sir Spock
mentality if you will or I'm a seasoned professional not a low class
gambler where's my smoking jacket. If its gambling if you get a rush from
hitting a big trade riding it out to the max then I'm a gambler, shucks.
Commodity trading is tuff and messy an the illusion that you can take money
out of Chicago without spilling some blood is a myth that needs to be
smashed is my experience anyway but I'm a gambler, dang. So unless your one
of the elite 5% of commodity
traders outside the pits who make money measured in years then better quit
smoking it will save you from buying the jacket. I'll tell you what I think
a pro is in futures trading. Its a guy standing in the pit watching your
orders come in and can trade the bid and offer it to you on the ask at a
personal cost of 50 cents per trade hour after hour day after day. He of
course spends his own money to rent that seat for about 35 to 40 grand a
year and last I looked almost a million to own that spot in the pit. Geez I
might change to stock trading after reading that myself. I hope computer to
computer trading gets going in all the markets but it does have strong
opposition I wonder why.
Robert
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