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I have enjoyed the discussion on trading systems worth and other facets.From a personal perspective,I would like to share this:
1.If it were not for such systems I would not be trading since my personal career is too demanding to do the necessary research and monitor trades.
2.Having paid for and used 6 different systems, I have found that all but one paid for itself in trading and the other 5 paid for the loser.That is my minimum criteria that the system will pay for itself and obviously maximally make money.
3.All systems at some point will crash and burn to a point where you can not deal with a drawdown even if you adequately capitalize it.Often that is the time you should ante up.
4.Combining systems properly can often smoothe out the downside.Properly is the operative word.
5.If you design your own system you have the added torture of blaming yourself for what you created if it performs poorly.If it is a purchased system you blame the system.I know from experience thatif I can design a workable system then anyone can.[Mine works on Globex-Don't ask what it is in the same spirit most of you guard your secrets and there is no solicitation here in any sense of the word]
6.Beware of vendors who won't let you speak to customers,somehow won't make statements or real time performance available or won't let you speak to brokers trading it.
7.Vendors will get what the traffic will bear.
I hope that my point of view is not offensive to anyone and that it will add to this forum.
John
------------------ Reply Separator --------------------
Originally From: Jonathan Stewart Dempster <aceit@xxxxxxxxxxxxxxx>
Subject: systems, how much..
Date: 08/07/1998 06:47pm
mitch, one thing that has sunk home to me, in the relatively short time,
is that of the "Realisation Concept" ie, realising that there are
horrendous, risks and drawdowns and i think that by designing your own
system, putting in the hours, you might learn a little more ,its an
education, and they say knowledge is the ultimate power, im sure long term
you'll come out quids in....
so, i agree, stump up for Supercharts.... J.S.D
but, if you have a lax attitude to cash and can afford it, spend , spend ,
spend. we each walk our own path..
but if you really are so busy elsewhere in life and time is money indeed,
then i can see your point mate, just be prepared for lots of let downs
from those you buy from... its just adding to your risk...thats all....
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