Is a rigid specific trading system the right answer?
No disrespect here meant for your systems trader that use specific rules upon entry and exit but i just do not understand logically how you can ever nail down a system 100% with specific rules?
If this was the case you could then automate it and make a fortune? But logically there is no such thing as a really profitable automated system, is there?
So, the way i see it and always have is that trading with entry and exit points is always a dynamic risk assessment based on all the information that is being absorbed right at that moment from a multitude of places such as technical analysis, news, correlation to other market movement, S/R, recognised patterns, individual statistical analysis etc etc
From years of watching the markets, its movement, correlation etc then your brain can make those decisions that a system could never as would be far too restrictive?
What i am trying to say is that anyone can follow a specific system, specific rules, but the goal should be to be able to dynamically adjust your trading each time based around the behaviour of the markets at that given time and all the information available to you to make that split second decision?
That means a hell of a lot of screen time, the ability to absorb a lot of information and to think outside the box as in what it means at any given moment? I know i am being a bit vague here but that to me is real trading and the ultimate goal in this business? and there is no short cut to getting to that stage, just time and ability.
No disrespect here meant for your systems trader that use specific rules upon entry and exit but i just do not understand logically how you can ever nail down a system 100% with specific rules?
If this was the case you could then automate it and make a fortune? But logically there is no such thing as a really profitable automated system, is there?
So, the way i see it and always have is that trading with entry and exit points is always a dynamic risk assessment based on all the information that is being absorbed right at that moment from a multitude of places such as technical analysis, news, correlation to other market movement, S/R, recognised patterns, individual statistical analysis etc etc
From years of watching the markets, its movement, correlation etc then your brain can make those decisions that a system could never as would be far too restrictive?
What i am trying to say is that anyone can follow a specific system, specific rules, but the goal should be to be able to dynamically adjust your trading each time based around the behaviour of the markets at that given time and all the information available to you to make that split second decision?
That means a hell of a lot of screen time, the ability to absorb a lot of information and to think outside the box as in what it means at any given moment? I know i am being a bit vague here but that to me is real trading and the ultimate goal in this business? and there is no short cut to getting to that stage, just time and ability.
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