Quote:
Originally Posted by et_phonehome_2
I think chukky said it all: "what worked for me might not work for you..."
I tried many systems from various forums, and had been unsuccessful in replicating close to the same results that eventually I just drop it. A system requires discretion no matter what.
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ET
Trading systems are very personal and intimate to each trader.Using other people's system is the wrong thing to do.Better to modify somebody else's system to suit your own style.Very rarely does somebody elses system suit you entirely
Sometimes traders have one area of weakness ,which is identified by looking at other systems and comparing them.These comparable systems do not have to be highly expensive systems, they can be other systems having different waknesses.On the other hand a really good system might have highlighted all the weaknesses .
Some people might buy 10 systems at 3500 euros each and still never get anywhere, some might try two to three systems @ 3500 euros before they realize their weakness was something they already knew eg a compulsive contrarian trader always betting the price is too high and must come down ,probably it does after he is bankrupt
I have reviewed at least 50 systems and made about 10 good systems, my experience tells me trading is not about using one system but about 10 different systems put together
OILFXPRO
