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Hello omega-list,
1.) when to trade (dictated by number 3.)(if not always in)
2.) direction to trade
3.) magnitude of trade or rather move size expected.
above number 3.) could also trigger position size stops if used and a
multitude of other parameters. it's often said that over trading is a
ba thing. with the multitude of markets and their quickness of
movement. there could be a good argument that always in will catch the
move yet it will loose gains as well while seeking direction.
the timed trade where executed from a flat position trades less often
may be prone to delayed entry and many long dry spells waiting to
catch a substantial size move. also there are many variants of a
timed model, like predictive pattern trading. where smaller moves are
capitalized upon but with smaller gains and hopefully higher
probability.
i think this is where personality "fit" comes to play and is exactly
why the markets are so elusive. the nature of historical data changes
as participants change, both in method, numbers and even global
makeup. the latter of which carries even influence based upon
geographical regions and cultural differences.
the market has become a living thing and as such perhaps it can be
educated and influenced by a "parent" who dictates with predictable
results the preferences, personality and in general mind set of that
"child".
--
Thank You,
Mark Brown
www.markbrown.com
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