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C> Well Said. I can't imagine any trader being successful without using a
> C> systematic approach. Yes, systems blowup. Yes, systems go through long
draw
> C> downs. Buy they are tools. Any tool that is used in the wrong situation
will
> C> not work properly. The art of trading is knowing what tool to apply
for the
> C> current situation.
So you're employing discretion to decide which tool or 'system' to use?
I've never understood the "100% systematic approach" and the fear of using
one's own judgment in trading that seemingly always accompanies this
argument. Regardless of your approach you still have to execute, and that
boils down to having faith both in yourself and your methodology.
----- Original Message -----
From: "ztrader" <ztrader@xxxxxxxxx>
To: "omega-list" <omega-list@xxxxxxxxxx>
Sent: Saturday, April 28, 2001 5:47 PM
Subject: Re[2]: Trading Systems
> On Saturday, April 28, 2001, 5:45:47 PM, Carlos wrote:
>
> C> Well Said. I can't imagine any trader being successful without using a
> C> systematic approach. Yes, systems blowup. Yes, systems go through long
draw
> C> downs. Buy they are tools. Any tool that is used in the wrong situation
will
> C> not work properly. The art of trading is knowing what tool to apply
for the
> C> current situation.
>
> If you have to choose between several tools/systems, does that make
> you a discretionary trader, or is this choice also part of the system?
>
> ztrader
>
>
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