Reply to thread

Thats why we design systems.But yes if you dont design it yourself and have confidence in your testing,UNDERSTAND why a system works,UNDERSTAND that the numbers generated are your ultimate stop,you will fall into the psychological war within yourself in times of under performance.

I think that being in Business for 30 yrs and having the ability to make instant decisions,often when vast sums of Money are at stake (Plus having been on the brink of Bankrutcy twice) has stood me in good stead to UNDERSTAND what makes sound business decision making,and in a timely fashion.

Ive learnt too that there comes a time when you'll be exited and stopped,pretty close to where pain is at its most.Armed with your exits,Stops and Blueprint of systems parameters which tell you if your trading in a market not seen in testing,you should never be in panic mode.

Well its taught me a lot.

T/T is at an interesting phase now with only a few open positions, a great deal of cash and still within its blueprint.More learning will come I'm sure.

From the years Ive been on 2 forums Ive seen it year in year out with many many traders coming and going.Few return.Some are brilliant analysts both Fundamental and Technical.

BUT APPLICATION of your trading method is the hardest of all.Application of some method youve come up with that logically should return great profit (Buy low sell high as an example) isnt as simple as doing just that.

Of ALL the reasons traders fail this is the single biggest reason for failure that I have seen.

The question should be simplicity in WHAT!

Simplicity in WHY your business will succeed and others fail.

Thats the SIMPLICITY I speak of!

It--- Business of any sort is THAT simple.