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Ira wrote:
> One of the basic rules that I have used over the years is very simple. When I
> trade, I don't read the paper, listen to the news, care about reports, or look
> for any other input then what is offered on the screen as price. The sports
> page and funnies I do read and I will do the crossword puzzle.
I think that's one of the biggest advantages of trading a mechanical
system. The computer is blissfully unaware of any news going on around
it. That leaves the trader free to look and listen to whatever he
chooses without worrying about that affecting his trading. Personally, I
have an insatiable curiosity. I enjoy reading books and newspapers,
watching CNN and CNBC, and reading articles on the internet. I would
feel like part of my life was missing if I had to forego those pleasures
in order to be successful at my job (trading). Trading a mechanical
system allows me that freedom. Some people may enjoy "living in a cave"
but not me.
--
Dennis
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