To: fut_trade who wrote (14 ) 6/18/2002 12:09:33 PM From: Defiant Respond to Yes. But I think that it would be more proper to call my trading system discretionary rather then me as a trader. You see, the way my trading system is set-up, I get roughly 10 long signals and 10 short signals a month. So while it may seem that I am hesitant by nature (which I am), I have also developed a trading system to fit my trading style. I have known many traders. Most traders have the rationale that they want to beat the market on a daily basis and get upset when they miss or don't take advantage of a move in the markets. Hence, there is a compulsion to trade often and trade hard. I have found I could care less about missing moves or how much profits others are making on a daily basis. I only want to make the most amount of money in the shortest period of time in a manner which I feel very comfortable with. Consequently, while I am looking at automated trading systems and neural networks/pathways, that is more for personal interest at this point. I do not believe in any holy grail trading system that works for short periods of time (be it a few minutes to a few days). The markets are too schizo to make a system that will consistently work on that type of time frame. However, I do believe that long-term back-tested trading systems do work on a larger time frame. If you are holding for weeks or months, trading systems can give you good insight and work better, at least in the terms you are pointing out. Frankly, that is the best scenario when you are managing hundreds of millions, if not billions of dollars, because it is very hard to get in and out of positions on a short term basis with large amounts of money.
