|
PureBytes Links
Trading Reference Links
|
I agree you can't call it a system if personal discretion is used. If you
use historical results then to repeat those results you must take every
trade no excuses. No crashes, no medical reasons nothing should prevent you
from taking every trade. Your example about a diet is very good example and
the real reason to have a system. I don't have a system I use price
patterns and indicators to trade using my discretion. Two reason for that
one I can't program well enough and to I use fundamentals in my trading
decisions. What ever a trader does to trade is okay it's his money. The
term SYSTEM means automation absent human decisions all the time and any
time. The rest of the examples here need a new definition like semi-system
trading.
Robert
>Surely if a system trader stands aside from the market on all of the above
>occasions, he no longer has a system. I see my choices as taking my signal
>and risking 1% which on a report day may be a bit larger, which I can
>handle. If I choose not to trade and miss out on a potentially large move,
>what then? What if it turns out to be the trade of the year? I find nothing
>more destabilising than missing a winning trade. It's a bit like making that
>one exception to a diet, very habit forming.
>
>I feel if you are worried about volatility on these days you are probably
>trading way too large to begin with.
>
>Andrew D
>
>
>
>
>
|