Thanks for another informative post. I agree with you about proven trading systems. In the poll, I was really referring to paid services that tell you what to trade and when for a charge.
As far as trading systems go I know a lot of people including myself have read your material and journals and benefited from them - so thanks for your help. Personally I still have a lot to learn so I'll keep working on it.
As far as trading systems go I know a lot of people including myself have read your material and journals and benefited from them - so thanks for your help. Personally I still have a lot to learn so I'll keep working on it.
Quote from jack hershey:
I most always get the wrong idea.
Were I to trade any of the systems offerred by about anyone, I have a feeling that I would do okay using the system. After doing what was suggested I would not continue after a while though. The reason would be something along the lines of feeling that I could see that there was more being offered by the markets that the system did not pick up on.
I use a system that is roughly 50 years old and just adapted to modern times of having computers and the like. New markets have also been invented and they trade the same way as the older ones. I am in the market all of the time because of the continuing price change. Price change is what I use to make money.
I would suggest that there are a small number of systems that you could trade successfully. The reason I say this can be shown by your posting the display or newspapers that you are or have ever used in your life over the last 30 years. You may not have a good business plan nor a good logging method or debriefing method.
So, I figure we are different kinds of people and that is why I feel that you are on the outside looking in. Imagine any sort of system. Think of when it is in the market. This is when it makes money as it remains on the right side of the market. You contend that systems may not be making money. Most likely it is the fact that you are not using the system correctly due to lack of understanding of markets or lack of experience of being in the market when the particular system is making money.
The points that you are making that I missed and am missing still are the norm for me. I don't get a lot of what people think they know.
:eek: