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In a message dated 7/11/00 3:42:31 PM Eastern Daylight Time,
rphodge@xxxxxxxxxxx writes:
<< Every study I've ever seen on mechanical Vs visual/discretionary debate
has
indicated that over time the mech guys trash their accounts more often and
finally burn out sooner that visual/discretionary traders.
Something about all of those strings of losers, and feelings of being out
of control, etc. etc.. >>
Hello
trading a mechanical system is like entering a trade on your own,
you must have a plan and stick to it,
if the system over time works well and you know you risk reward BEFORE
entering into the trade,, AND have just one filter to the mechanical system
that still make you do what it says but betting with your head and not
over your head. you will always be successful
having large DD or A streak of bad trades is part of ANY system
just because a system has them all of a sudden DOES not mean you abandon the
system!
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