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I hear a lot here about price distributions, system
characteristics and their shifting modalities. On the other
hand, doesn't the basic psychology of market participants
remain fairly constant over time? Certainly their tools
improve but their (our) fear and greed does not change
much. I would imagine that as a trader becomes more mature
in the market that they enter different levels of
psychology till they become "professional." But, there is
always a new influx of beginners to take their place, the
80% losers.
So, do any of the systems in the Futures magazine top 10
list capture that non-shifting psychology or are they all
shallow mathematical/predictave price distribution engines?
Any "psychology based" systems out there for comparison?
rudolf stricker
wrote: On Mon, 11 Jun 2001 15:39:21 -0400, you wrote:>-
60% or higher>- 1 to 1 or higher......>the rest of the
stats will come from the 60% and 1 to 1...More general, the
"rules" above come down to "which criterions to useto
select a system", e.g. in a goal function during
systemoptimization Over the last years, I ended up with the
following:- number of trades/year- profit- number of
winning / number of loosing trades- win/ loss ratio- max
win- in rate- tail volume of the loss distributionAll these
criterios (weighted over time and condensed to
onecriterion) turned out to be necessary for me, to select
a system whichis profitable _and_ is comfortable for me.mfg
rudolf stricker| Disclaimer: The views of this user are
strictly his own.
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