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I don't disagree with anything you said Don. In fact I think it stated more
eloquently and in more detail what I mentioned briefly and believe to be
true. Having said that, there are a large number of aspiring traders who
think a 100% mechanical approach will somehow magically transform them into
a trader, and that is something I don't believe to be true.
In the end it boils down to confidence in oneself regardless of approach.
Bobh
----- Original Message -----
From: "Don Roos" <rosewood@xxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>; "Bob Heisler" <bheisler@xxxxxxxxxx>
Sent: Saturday, April 28, 2001 6:38 PM
Subject: Re: Re: Trading Systems
> 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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