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Re: Price shocks and money management



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>Where is this rigid definition written?
>Who decided this is what system trading must be?


Why, Jake Bernstein - of course. Ex NFA member and infommercial hack...


>>I believe these definitions are correct and that they imply that system
>>trading is "mechanical" and leaves no room for interpretations that might
>>vary between two individuals looking at the same chart.  If two
individuals
>>could look at the same chart and, following the "system rules", arrive at
>>different conclusions, then we are not talking about a system by my
>>definition (or by Jake's, or Robert's).
>
>Excellent definitions by Jake.  But you've shotten yourself in the foot.
>Jake's definition of system includes the following :
>
>"... combined with a set of decision making procedures and risk
>management rules,
>..."
>
>This implies to me that the procedures and rules are separate from the
>system, and protect you from shocks or weaknesses in the system.
>
>
>donc
>
>