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At 08:37 PM 12/6/99 -0600, Mark Brown wrote:
>
>To sum up the claim of discretionary trading is just an excuse for
>inadequate programming or a feeble attempt to disguise a non existent
>trading method.
>
>--
>Best regards,
> Mark Brown mailto:markbrown@xxxxxxxxxxxxx
Hey guys,
This is the funniest thing I've read in a loooong time!
Almost all of the successful traders that I know are NOT
mechanical traders, and they don't believe in mechanical
trading. Mechanical trading can work too, but some methodologies
(discretionary) cannot be automated.
Just one example, very few mechanical systems take into account that
Greenspan is about to make a speech so your indicators should not
be trusted.. I can think of zillions of such examples, which account
for the mediocre performance record of most mechanical systems..
Keep an open mind, don't be sheep. Beware Mark Brown or
anyone who tries to shove black-and-white absolutes down
your throat!
No one can claim that they own the only truth..
Think about it, what is going on here?
Look around you, do you see sheep? Do you see a shepherd?
Hmmmm?
Best wishes,
-Neal.
-----------------
Neal on the 'net.
Trade well. Train hard.
http://www.halcyon.com/neal/
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