|
PureBytes Links
Trading Reference Links
|
Contrary to belief of some, there are many systems that "work" by the
definition Scot Billington gave, and they are available for sale in the
public domain. Unfortunately, the drawdown associated with virtually any
system is more then the vast majority of traders can financially and/or
psychologically withstand. You would like at least $25K to trade 1 bond or
$100K to trade 1 SP, and know that drawdown could be 50% or more of those
amounts easily. Also know drawdown periods are going to run several months at
least. And in the back of your mind know that, yes, some systems and system
traders that worked very well for years eventually blew up.
And all of this is why the biggest system traders and advocates in the world
are money managers using other peoples money. There is a whole self serving
spin industry around why system traders are better then discrtetionary
traders. And the spin doctors are those trading the systems with OPM.
|