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i really don't know what they expected me to tell them, but my stuff is
pretty simple and heavily experience based. these days, i just stick to
what i know well, and that's the s&p. my experience with day trading
the s&p (since 1982) gives me a huge edge over nearly all off floor
traders and most pit traders.
you hit on a point that is critical: execution. this is a most often
overlooked key to good trading, particularly if you're a day trading
scalper (i'm not by choice :)). designing good execution strategies are
as important as good system design. most of the time, it's as simple as
giving good orders to enter or exit trades, or knowing ahead of time
why some orders are better than others for a particular situation.
that's why i eschew paper trading; it's worthless as a predictor for
future success because you're not executing the trade nor dealing with
the emotions. as with most things in business, one needs to learn by
the "doing"
TJ
felix wrote:
Like we know the systems tells us to buy or be long ,but how do we
execute it optimally?
As sometimes my wondering mind deviates into thinking "its not the
systems but the execution" that differentiate the real winners from the
rest ultimately, as i really believe one can have the simplest or
stupidest the weirdest "system" but hey, he's got great discipline and
longetivity and that might all make the difference.
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