late at night here i saw your post about the 6 reasons will traders fail. this, in addition to another post from you about a mechanical system you were using up to 2008, leads me to this question:
do you believe in a fully mechanical trading system that is consistently profitable?
i ask this because you said that one of the reasons that a trader fails is because he lacks confidence on his system. this implies that there is such a system: a defined set of rules that traded mechanichaly is consistently profitable. isn't this the holy grail?
i have asked this question to myself for a gazillion times. still i no convincing reply from myself LOL
my view is that we should have rules for entry and exit but these vary on market conditions and the "reading" of market conditions is discretional.
i would apreciate your view.
(thought of PMing you about this but then this could be interesting to others)
green pips
do you believe in a fully mechanical trading system that is consistently profitable?
i ask this because you said that one of the reasons that a trader fails is because he lacks confidence on his system. this implies that there is such a system: a defined set of rules that traded mechanichaly is consistently profitable. isn't this the holy grail?
i have asked this question to myself for a gazillion times. still i no convincing reply from myself LOL
my view is that we should have rules for entry and exit but these vary on market conditions and the "reading" of market conditions is discretional.
i would apreciate your view.
(thought of PMing you about this but then this could be interesting to others)
green pips
cool thanks
dreams do come true.
is taking too long, is so frustrated, stuff currencies, crude is so much better
