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Bob:
Using a systematic approach has nothing to do with fear of judgement: it has
everything to do with applying an approach in which one has confidence to
execute and patience to allow success to occur. Successful discretionary
traders are successful because they have integrated an internal systematic
approach in which they have confidence: not because they have better
judgement or an ability to predict the future.
To those that wonder how it may be possible to find and develop a successful
system, it is of great help to associate with a successful discretionary
trader. Agreeing to help each other can be of benefit to both: the
discretionary trader may want to code some of his methods to simplify his
life and the system trader may want the value of a discretionary trader's
experience and success.
Respectfully,
Don
<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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