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It's about making money period but the term system to me implies without
human input.
The fixation is a lot of new traders including myself thought everybody was
trading without human emotions. Fact is that is not the case. I'm not
saying anyone's way to trade is better just to clarify the term system
trading and how others interrupt it. I felt bad and worked real hard trying
to accomplish a system that did not need my help and I never accomplished
that goal. Helps to know hardly anybody really does trade a pure system.
When I first started I had this guy that followed this system philosophy of
no human input and a lot of money was lost because of this belief of take
every trade. It was a time when I thought the computer in it's self was the
edge. I never meant to offend anybody about this just something people like
me are trying day in and day out to achieve might have to re-think what
their doing or trying to do.
Robert
At 12:50 PM 7/23/1999 EDT, DStan34930@xxxxxxx wrote:
> I don't get this whole fixation with finding someone who does
>not override their mechanical system.
> If I develope a mechanical system that can survive the course
>in the long run over any market conditions, I'm not going to take
>a chance at lower profit or added aggravation just to prove I can leave
>the system alone.
> Every experienced trader has days they don't like to trade. Some
>situations are mathematically definable and some aren't. Some can
>be calculated in advance because they occur annually on specified
>dates. Some, like Greenspan announcements aren't until a fews days
>before hand. Greenspan days can be a crapshoot. I'm about
>50/50 on his announcement days. So mechanically my system
>survives them. But I don't enjoy the aggravation of 12 to 26 point
>moves in the S&P in 5 minutes no matter which side I'm on. Take
>a look at them on a tick chart. Where's the fill? How are those guys
>typing in the quotes holding up? They're no fun for me.
> When I choose to trade I'm on autopilot. I don't get in or out except
>for datafeed problems. If the dollar takes a hit or a big fund dumps
>their position while I'm long so be it. But why jump in the water
>when the sharks are swimming just to prove you can follow your
>system.
>
>dbs
>
>
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