Talk to Tom Trader...oh yeah, he doesn't post here any more. Truly that has been our loss.
His system has made money year in and year out.
However, he won't tell you what it is. Surprised? Me either.
How about Pat Slevin?
He is a great trader, day in and out.
Nemer. He can day trade anyone under the table. Consistently. You would have to see it in action. Amazing.
Don Spinks. Great market reader and trader and mentor.
Teresa Lo. Her system is fairly well published on her site over the years...and works very well. Another of the class acts, great traders and mentors without equal.
Consistentely. Day in and Day out.
LBR does the same thing.
Marty Schwartz.
There are numerous examples of great traders and some good systems. Read Market Wizards and you will find others.
Bottom line is do YOU have the ability and mental makeup to follow the strict rules, or not?
Is the system as presented something that your particular emotional makeup will accept?
Or, if it is a black box, ala Tom Trader, will you take every single signal, no matter what?
Tom does. Tom wins. Consistently, year in and year out.
In fact, every trader listed above, knows themselves inside and out, what makes them tick, what emotions impact their trading and how to control them. When to trade, when not to trade. In short, they are one with themselves and content to let the market give to them what it will. Time and again. Most are not so content and are overtaken by the emotional demons of fear, greed etc...and that is why they fail. Not because they don't have a system. Not because the market is random. You must look deeper for the answer. To say the market is random is admit defeat and place the answer outside....the answer is inside.
Don't cop out on yourself. You owe yourself more.
-Scott
PS - And no I won't give you a system. I have several, however, they are mine. You need one that is yours. Not mine. If you understood any of what I said above, you will understand what I mean by you need one that is yours. I suspect you will not. |
