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Mark Brown writes:
i think to be successful with any system you have to have a confidence
level with it. know what it does, so that you can begin to suspect
when it will make a killing and when it may get whacked. it's call the
due effect (trade mark ;) it's what i have lived by. i did not invent
the due effect i was taught it by someone, and it can be quantified. i
think systems are like employees, you have to understand what they do
well and what they don't and then take it at that. you will never get
a perfect employee but that doesn't mean that they can't get the job
done.
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Mark, can you go into this more? Sounds like you are talking about
overlaying onto mechanical systems a discretionary trade/do not trade
decision.
When you say "it can be quantified," do you mean it can be systematized --
i.e., you take a system and you add more rules to it?
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