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To: fut_trade who wrote (8608)3/30/2002 11:05:29 PM
From: Brandon  Respond to of 8925
 
The point about discretionary vs systematic trading is an interesting one that seems like it always causes a lot of debate. I think the evidence to support both styles is fairly strong though. Many traders rely on pattern recognition and other discretionary manners to speculate. On the other hand, a large amount of the money that is successfully managed (for example) in the commodities market is 100% rules based. There is room for both styles, and each is, I think, suited for a different type of personality.

Brandon



To: fut_trade who wrote (8608)3/30/2002 11:10:31 PM
From: sonar69  Read Replies (1) | Respond to of 8925
 
<<<I don't think discretionary trading is a way to go, because every form of trading has drawdowns, and with discretionary trading the drawdown is a big ??? >>>

Money management...cut losses fast or within risk ratio, let winners run, smaller position with lower risk ratio...and so on.