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[USER=2975]@ducati916[/USER] expanding on your post (systems traders v the discretionary chaps) would be perfect for the "Dump it here" thread. The reason I'm a mechanical system trader is twofold (1) I lack the required skills & (2) I wouldn't trust myself to make the correct decision on a constant basis.

Weekly verses a Daily system
There is merits in both time frames but for "me" I prefer a weekly system, it also reduces the workload & to me it's like boxing in slow motion. There is always a discussion when "Discretionary trading verses Technical trading" is raised - I'm a believer if it works for you it's right for you & the merits of both can be posted & discussed.

Exits are important
Duc, you now have to admit after watching the extreme volatility these past few weeks the exit carries more weight than timing the entry. There is always a robust discussion when I raise the question around the "entry verses the exit" & which is considered more important when it comes to the profitability of any trading plan. I still hold the position that "exits" is where the money is made, when others disagree the "Dump it here" thread gives a perfect platform for others to express an alternative.

The last 3 weeks
I killed so many brain cells testing alternative exits in the desire to find a cleaner & quicker exit than the ones I already have. The results so far have been unspectacular to say the least as I'm unable find anything that works better than my "GTFO" indicator. I'm open to suggestions.

Skate.

<blockquote data-quote="Skate" data-source="post: 1065839" data-attributes="member: 57364">[USER=2975]@ducati916[/USER] expanding on your post (systems traders v the discretionary chaps) would be perfect for the &quot;Dump it here&quot; thread. The reason I&#039;m a mechanical system trader is twofold (1) I lack the required skills &amp; (2) I wouldn&#039;t trust myself to make the correct decision on a constant basis.Weekly verses a Daily systemThere is merits in both time frames but for &quot;me&quot; I prefer a weekly system, it also reduces the workload &amp; to me it&#039;s like boxing in slow motion. There is always a discussion when &quot;Discretionary trading verses Technical trading&quot; is raised - I&#039;m a believer if it works for you it&#039;s right for you &amp; the merits of both can be posted &amp; discussed.Exits are importantDuc, you now have to admit after watching the extreme volatility these past few weeks the exit carries more weight than timing the entry. There is always a robust discussion when I raise the question around the &quot;entry verses the exit&quot; &amp; which is considered more important when it comes to the profitability of any trading plan. I still hold the position that &quot;exits&quot; is where the money is made, when others disagree the &quot;Dump it here&quot; thread gives a perfect platform for others to express an alternative.The last 3 weeksI killed so many brain cells testing alternative exits in the desire to find a cleaner &amp; quicker exit than the ones I already have. The results so far have been unspectacular to say the least as I&#039;m unable find anything that works better than my &quot;GTFO&quot; indicator. I&#039;m open to suggestions.Skate.</blockquote>

[QUOTE="Skate, post: 1065839, member: 57364"] [USER=2975]@ducati916[/USER] expanding on your post (systems traders v the discretionary chaps) would be perfect for the "Dump it here" thread. The reason I'm a mechanical system trader is twofold (1) I lack the required skills & (2) I wouldn't trust myself to make the correct decision on a constant basis. [B]Weekly verses a Daily system[/B] There is merits in both time frames but for "me" I prefer a weekly system, it also reduces the workload & to me it's like boxing in slow motion. There is always a discussion when "Discretionary trading verses Technical trading" is raised - I'm a believer if it works for you it's right for you & the merits of both can be posted & discussed. [B]Exits are important[/B] Duc, you now have to admit after watching the extreme volatility these past few weeks the exit carries more weight than timing the entry. There is always a robust discussion when I raise the question around the "entry verses the exit" & which is considered more important when it comes to the profitability of any trading plan. I still hold the position that "exits" is where the money is made, when others disagree the "Dump it here" thread gives a perfect platform for others to express an alternative. [B]The last 3 weeks[/B] I killed so many brain cells testing alternative exits in the desire to find a cleaner & quicker exit than the ones I already have. The results so far have been unspectacular to say the least as I'm unable find anything that works better than my "GTFO" indicator. I'm open to suggestions. Skate. [/QUOTE]

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