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Re: Price shocks and money management



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Not really Don it's my understanding of what the term system trading means.
Your implying that I'm just being obnoxious or unbending about this term. I
am obnoxious sometimes to avoid admitting I'm wrong but not now. I
challenge you and Bob Fulks whom I have much respect to define in a
sentence that accurately defines what system trading means.


Robert 




>>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
>
>Only when talking with you, Robert.
>
>don
>
>