Hi iandekoker,
Well I was just trying to show that having a large wallet didn't mean you were goign to have success as Brian Hunter descovered and many other subprime traders of late. More capital is great though, yes it does allow you to lose more often and stay in the game longer than the smaller capitalised trader but I don't believe it should be placed before a trading system. I look at it as a car, the system is its engine and the capital is its oil. You can't get far without the oil but if you it's a sound engine and in top shape you'll get better mileage out of it than a cranky 1900's engine with the same oil. Also you won't get very far without first an engine.
Well if we talking about the really big boys, they do position trades so indicators aren't that much of an issue as mentioned before on this forum, so yes they do get in before the shorter timeframed traders with their indicators because they need them for the shorter timeframes. I don't compete with Lehman Bros. though I just go with the flow, we in separate areas, ones an investment bank and the other is a sole trader.
There's loads of profitable strategies on here for free, why try sell mine?
Besides, this is a thread asking about system vs capital correct?
I just thought I'd share my view on it.
One of mine is just RSI though. Plain and simple, but that's for another day, another thread.
Have a great week iandekoker
*EDIT* iandekoker - I reread your reply to my post and noticed you misread what meant. I wasn't saying "my" system has proven itself, I was saying systems overall. I think my second post clarifys what I meant though. As for holy grails, there aren't any and only the new and unexperienced try seek this Indianna Jones Trader myth. Losses are part of the biz, my system has them but the winners outrun the losses or I wouldn't be here. So on a personal note then, yes, for me, trading system comes first. If we had to put something before all of them it would be discipline though.
Well I was just trying to show that having a large wallet didn't mean you were goign to have success as Brian Hunter descovered and many other subprime traders of late. More capital is great though, yes it does allow you to lose more often and stay in the game longer than the smaller capitalised trader but I don't believe it should be placed before a trading system. I look at it as a car, the system is its engine and the capital is its oil. You can't get far without the oil but if you it's a sound engine and in top shape you'll get better mileage out of it than a cranky 1900's engine with the same oil. Also you won't get very far without first an engine.
Well if we talking about the really big boys, they do position trades so indicators aren't that much of an issue as mentioned before on this forum, so yes they do get in before the shorter timeframed traders with their indicators because they need them for the shorter timeframes. I don't compete with Lehman Bros. though I just go with the flow, we in separate areas, ones an investment bank and the other is a sole trader.
There's loads of profitable strategies on here for free, why try sell mine?
Besides, this is a thread asking about system vs capital correct?
I just thought I'd share my view on it.
One of mine is just RSI though. Plain and simple, but that's for another day, another thread.
Have a great week iandekoker
*EDIT* iandekoker - I reread your reply to my post and noticed you misread what meant. I wasn't saying "my" system has proven itself, I was saying systems overall. I think my second post clarifys what I meant though. As for holy grails, there aren't any and only the new and unexperienced try seek this Indianna Jones Trader myth. Losses are part of the biz, my system has them but the winners outrun the losses or I wouldn't be here. So on a personal note then, yes, for me, trading system comes first. If we had to put something before all of them it would be discipline though.