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There's a lot of things about the market that I can think of but a simple straight forward point is: Markets always change. All traders deal with this.

Kumite means sparring in Japanese... in another words... paper trading...

How about bringing some female clerks from the Eurodollar pit?? :D :D :D

I won't deny it. I haven't tested it.

The success rate for system traders and discretionary traders are the same. It's a matter of time for these system traders to become a part of the noise. We all work with the same data. What you see is seen by others.

I know one. He used to moderate a forum in ET. I'm not sure if he wants to be acknowledged as one in here.

You don't predict. You react.

Van Tharp has the right idea. Remember that his books are an introductory / newbie books. Good thing is you are having doubts and questions about "conventional" knowledge. Very healthy for a system developer.

I'm stupid and I trade. So africa is right.

Actually, it's pretty easy to spot a fake in ET, just from the content of their post. Maybe a lot of BS, but real ones are still around.

I need to talk to you. Please PM me...

System trading is 99.99999999% research. If you can't research, don't system trade.

Reality of intraday trading???? ??? I don't get it. What's not real about it??? Is this like paper-trading or back-testing question??? ... Is this like a Descarte question???

Gotta mention what you're planning on trading....

You won't be successful (with whatever team you are planning on running) unless you know about system trading very well. Too many ways to fake it. In terms of back-tester and execution platform, it won't be hard to find.

Don't look for what works in the market, look for how the market works.

You don't have to "set" stops. People set them because they can't control themselves. You get out once the reason of entry is proven wrong.

NO. You can't "reduce" it to 0. x / 0 = NULL

You don't predict. You assume that the market doesn't change.

Basically, you have a longer timeframe trading and a shorter timeframe trading fused together. If you can make money just by trading your scaling in/out timing, via out-right that's value added.