Systems, Strategies and Resources for Trading Futures Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: wiley murray who wrote (2314)	8/24/1998 12:55:00 PM
From: Tom Trader	Read Replies (1) of 44573

>>In any of your posts have you outlined the basics of your mechanical system that you use to trade over the years? If so please give me the post reference. << Wiley--I have described some of the components that make up the system on several posts on the options thread. One was in response to a post by Jim Cordes--an awful long time ago. Not sure how one would go about finding it. It mentioned several of the components but in a general way. >>Also I have bought the book "Trading for a Living" by Elder. Do you use any of his methods in your mechanical system. << No I don't -- but I often take some one's ideas for a system and begin to play with it to see if I can improve it in some way with other indicators and tools. In fact, my system -- is really a hybrid of other people's ideas--but modified in a way that makes it works better. I have also posted in the past, on developing stable systems, the dangers of curve-fitting and so on. My system, with very minor changes to the parameters, works on a variety of markets--that is the mark of a stable system, IMO. Like I said before, it is a constant learning experience. I welcome suggestions on how to improve my trading skills--Pat has become my mentor as far as day trading is concerned. The one piece of advice that I would give you is to develop your own system--test it over 10 years data, paper trade and then real-time trade it.It is very difficult to trade using a black-box or a system that you have not tested over time. You will have no problem taking the signals when you are making money--but when you have losing trades, you'll dump the system--and since EVERY system will have losing trades, sooner or later you'll end up dumping any system that you have not ascertained REALLY works. It really is that simple. Good luck

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next