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Neal T. Weintraub wrote:
> Thanks Jim.
> We are trading a weather market here in Illinois. No matter what system I
> use, the weather will directly influence crop size. Ergo, no matter what
> system I use it will not be any better than the accuracy of the next weather
> forecast.
I believe the price will dictate my system. It is as tried and true as the Farmers Almanac. Not
correct all the time but better than a sharp stick in the eye and better than I could do on my own
without it. I believe the price reflects all the worlds opinion, sentiment and weather of any
market. This is why I believe any system properly built will endure with time. Below is the main
problem with traders, they live and die trade by trade.
Making money in the markets is easy! The hard part is letting it happen !!!!!
I cant count the times I've had silly phone calls from worried brokers and clients when we are in a
drawdown. Do you think I get any calls when we are winning? Very few, but they will always find an
excuse to call you in a tough period. Like your going to make it all better over the phone. I had to
give away half my business to get rid of having client contact so I could concentrate on STICKING
WITH THE SYSTEM! I had a client call once and ask what are we doing in a panicked voice, I said back
calmly I'm trying not to let worried clients influence me into doing something that's stupid, like
override the system. Btw the trade wound up a winner. If you cant take the heat then you cant make
the money. If the model hasn't exceeded the maximum historical drawdown by two and you have prepared
the clients for that scenario why do they call? What is the problem with so many worried traders and
brokers. They have all been doing the same thing for so long and loosing that I'm surprised that
somewhere in that pack of pigs. You would think that one of them would figure out that following the
other ones off the cliff is not such a good idea after all. But no they just keep hurling to their
death. Except for the ones who are back in the pack selling programs to the slaughter, they
eventually give up and one day become footballs.
Please read with great care the below post that a very wise fellow wrote. Then look in the mirror
and see if that applies to yourself. This is the first step to stopping the madness.
Scientific Approaches wrote:
Short and long term risks are usually very different. Traders focus on the short term, because they
watch trades on a trade-by-trade basis. However, just as with the owner of a casino, short term
wins and loses are almost irrelevant. There is no reason to be depressed by daily losses or elated
by daily wins. They almost don't matter. The long term is what matters. That is where our
attention should be.
http://sciapp.com/index.html
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TC
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