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Tricky question. I wish I could program all of my thinking into what to use.
But so far I have not been able to find that perfect fit. There are so many
variables when it comes to trading environments that having that perfect
system that sees and feels what I do after so many years of looking at
charts is pretty difficult to program all of the logic behind the choice
making decision. At a minimum you should at least know if you have any kind
of edge in whatever method you are going to use. Instead of just trusting
and putting your hard earned cash at risk by all these so called trading
Guru book writer and system writer out their and then finding out the hard
way that it doesn't work.
Cordially,
CJ Carlos
-----Original Message-----
From: ztrader [mailto:ztrader@xxxxxxxxx]
Sent: Saturday, April 28, 2001 3:47 PM
To: omega-list
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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