Define the word SYSTEM as it relates to your trading

[ImamicPH]

Quote from Traden4Alpha:



1) Selecting which market(s) to trade and which instrument(s) within that market (e.g. the specific futures contract or option).

This is a crucial point that separates one kind of system from others.

If you let a indicator like MACD or whatever, dictate which market to trade then its really like a scanner mor than a system.

Other systems have more focus on specific markets.

 

[JimmyJam]

Quote from gnome:

That's what we all want. The ability to turn on the computer, go play golf, then come back and pick up the money...

Thanks for the quote.

Because I see it as being the opposite.

Because of the RANDOM nature of the markets, and the fact that you have soo much money moving them back and forth at any given time, no System will guarantee that you make money (at least none that I know of), however, if you have a good System(s), you are pretty much guaranteed to NOT LOSE TOO MUCH!.

Later,

JJ

 

[nzbryant]

Quote from JimmyJam:

Thanks for the quote.

Because I see it as being the opposite.

Because of the RANDOM nature of the markets, and the fact that you have soo much money moving them back and forth at any given time, no System will guarantee that you make money (at least none that I know of), however, if you have a good System(s), you are pretty much guaranteed to NOT LOSE TOO MUCH!.

Later,

JJ

Agreed