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I read an article once that said the entry is 10% of the trade and the exit
is 30% in importance, the most important is money management.
In another article the author said you need $200,000 to trade with (someone
else said $60,000), so you can survive drawdowns. You can create your own
trading system or buy one, or there is systems monthly in TASC (fully tested
etc.) for the price of the magazine. The holy grail of trading is
discipline.
>From: Proffittak@xxxxxxx
>To: ist@xxxxxx
>CC: realtraders@xxxxxxxxxxxx
>Subject: systems vs money making
>Date: Tue, 27 Jul 1999 15:38:00 EDT
>
>In a message dated 7/27/99 11:08:47 AM Eastern Daylight Time, ist@xxxxxx
>writes:
>
><< You could probably give
> 10 traders the same successful system and none of them would get the same
> result. There is no system that can guarantee success. The only
>guaranteed
> returns are an FDIC guaranteed account or treasuries, and sometimes I
>wonder
> >>
>
>Hi
>this is SO TRUE
>i had at one time 4 students. given the same system,, the diffrence in
>the
>results were astunding!!!
>from making in 6 month 106% to a loss of 21%
>fear and greed are your enemy.
>diciplane is your best friend and MONY NGT
>regards
>Ben
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