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Ben,
You know that I respect your trading skills. I was kind of surprised about
the suggested system that you put up. I have tested many systems and I think
that your advise is good for systems traders. I just couldn't resist putting
it on the tester. You have more guts than I. If I lost more then a few
thousand I'd be for dumping a system.
I find it interesting that simplicity is often promoted and yet when you pin
someone down on exactly how they trade it, it is much more complex than they
said. There are often many if's, and's, or but's attached to that simple
system and the more time you spend with the person the more complex things
get. Yes, the concept may be simple but the implementation isn't.
One of the challenges that I have found with my own trading plans, that I
use, is that they are nearly impossible to test. Yet they are close to being
systematic. They are based on patterns that are difficult to define.
Carefully, reviewing past data however gives me great confidence because
these setups work more then 70 percent of the time. Still a short time ago I
lost about $500 because I insisted that a certain target should be hit and
so I waited and waited until I had lost about 50% of my investment. I broke
my own rule of never letting a 25% winner become a loser:-(
Brent
>good aftrnoon brent
>the sys used was just an example.
>use your own. test it and STICK to it
>if it start not to work. DO NOT stop trading it ,
>EVERY SYS has good and bad times ,
>the trick is to have diversifications(3-4 systems)
>and trade ALLL ALL the time.,
>my own system LOST 126000 in 1998
>but abbration and dual trust made up more then doubble that loss!!!
>happy trading
>Ben
>
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