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Re: Bear Trap



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O Man

According to your definition, there are no "system traders". Isn't that what
Diogenes was searching for ;-)

Jim

----Follow the rules without question. Know when to break the rules.----

                                            Ed Seykota

___________________
The Omega Man wrote:

> If you are overriding your system signals then you are not trading a system.
> You are trading a "method" which uses the system but which also uses your
> own judgment.
>
> So let us all agree on terminology:  System trading is *mechanical* reaction
> to previously written or programmed signals.  All signals must be taken to
> apply this type of trading.  Anything less than taking all signals is
> "method" trading (which then, at some point, becomes "discretionary"
> trading).  There are very few true system traders.
>