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Ernie asked:
> I struggle with this issue, That is, should I try to out guess my
> system or not? Do I know better than what the system is telling
> me, (the system that I spent many many man-hours developing)?!?
When I first started trading, I'd developed a simple but profitable
system. But I constantly out-guessed it and over-ruled it because of
the "stupid" entries it made. I *knew* how simple-minded it was --
I'd written it, after all -- and I knew I could do better.
So I lost my shirt, while the system continued to crank out profits.
Once I swallowed my pride and started following my system, I started
making money, and I've never really looked back. There have been
some challenging stretches, but as long as I apply my brainpower to
developing systems instead of calling trades, I do OK.
I consider the day I resolved to follow my system, and trade my plan,
my beginning as a professional trader.
Gary
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