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Riley,
Can't speak for Justin but clearly a discretionary trader must have
the qualities that you mention and maybe more than you mention. He
too is using a system or he wont be around long.
I belive a discretionary trader should and does make a lot more than a
mechanical system coded up trader. Maybe only because I can't build a
system that is good enough that I would trade it. Though I might put
one on a computer by itself and let it run if it could trade
completely automatically. I would give it all of one contract to
trade. LOL.
Jimmy
Monday, September 13, 2004, 9:42:29 AM, you wrote:
RR> Hi List & Justin:
RR> When you suggest it is the
RR> System trader that can make a living,
RR> do you mean a trader who knows computer programming so well that he can
RR> write his own systems and use it?
RR> or a trader who is very disciplined and his attitude+trading habit is very
RR> systematic?
RR> If it is the former, does it mean all the discretionary traders are losers?
RR> If so, how can the discretionary traders pay someone to write the
RR> programming for him without that programmer using the formula himself and
RR> trade with it?
RR> RR
--
Best regards,
Jimmy mailto:jhsnowden@xxxxxxxxxxxxx
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