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Robert,
As a intra day and position system trader (I don't trade Bonds) I can only
speak from experience. My thoughts are this about systems.
There will be sometimes when you win big and sometimes when you will lose
big. The idea is to be consistent with your system.in your trading. If my
system could just pick the winners I wouldn't have the time to with write
this. The only secret I know is to make sure that you have enough money to
handle the bad trades (periods), and not to get bold and think that you have
the world by the tail just because your doing well.
I have great respect for traders who can call their own buys and sells...I
wish I had that gift. I can't trade that way as I'm always second guessing
myself. I might also add that I do not disagree with anyone who would say
that most systems don't work. I have found that to be true...But some
systems do work.
I will say this. I wish my system worked better. I will also say this,
After 15 years of trading the S&P's, I could use some time off.
Regards to you Robert and to all,
Tom Brun
-----Original Message-----
From: Robert W Cummings <robert.cummings@xxxxxxxxxxxxxxxx>
To: Omega-list@xxxxxxxxxx <Omega-list@xxxxxxxxxx>
Date: Thursday, July 22, 1999 10:34 PM
Subject: Bear Trap
>
>One of the reasons I don't like systems was the trade today in the bonds.
>Had a channel going then broke out to the upside that would trigger most
>systems to buy. Followed a horrific break that lasted 12 minutes for over
>a point and a half before a small bounce up. I guess the people who use
>systems would say the trick would be to reverse but today was an exception.
>Most times if you try and reverse this market you can get hit both ways.
>Sorry if anybody got hurt today in the bonds but reaffirms to me systems
>don't work for daytrading.
>
>Robert
>
>
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