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Here's where I am and how I got there - hope it answers your question.
I am a relative newby - started in 1994 by attending a seminar (which proved
to be crap in hindsight) and went thru the process of discretionary day
trading, then intraday trading (not my bag) until I came down to the basic
question - do I want to trade by discretionary or mechanical means? I chose
mechanical - no emotional hangups. To get to that point took a few years.
Now I have some good systems and have done a fairly large amount of testing
(taking care not to curve fit) and I am starting with small one-lot trades
as a proving method. At the same time I am looking at money management and
data rollover methodologies - more tools of the trade. Future plans include
more system development in all aspects - there is always a better way!
I have also made a decision to not look at every new idea that I come across
until I have absorbed the information I have - you can drown in good ideas
and never make any progress - paralysis by analysis.
Ross
----- Original Message -----
From: "Anthony" <Anthony3@xxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Saturday, July 22, 2000 4:52 AM
Subject: Re: Intitial Trading Methodolgy
> Well, apparently I didn't make myself very clear.
>
> I was not saying that I was gonna just blindly take the Money Tree and
> trade
> it until I lose loads of money, then move on to the next trading
> methodology. As a matter of fact, I am in no rush to trade. It will
> probably be years before I do any actual trading. I look at it as right
> now
> I am getting my "education". It takes 6-8 (or longer) years to be a
> doctor/lawyer/etc.....so why shouldnt it take as long to be a
> professional
> trader. I've been studying hard futures trading for about a year. Not
> only
> Money Tree but many other books as well. I've seen many different
> trading
> styles from systems, to commercials, to day trading, to discretionary,
> etc.......What I was confused about was where does one begin to pick a
> trading style?
>
> What I was saying was for all you trading guys out there who have had
> success...exactly how did you find your trading style? Was it by
> trial-and-error?
> --
> Anthony
>
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