Re: Anyone use a mechanical system?
CardMinger,
Minimizing the list of variables greatly reduces the complexity of your first successful system construction project.
A good focus for your first effort may be the long side of equities, without the use of margin.
In poker terms, the long side of equites is a beatable, medium stakes 7-stud game. A prepared student may enter this game and do quite well.
Futures/forex markets are more complex games at higher stakes with more variables, more variance, and more professionals involved as a percentage of all participants.
Most participants speculating in those markets have already succeeded in far less complex trading environments.
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....'The fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking, and reaching your own conclusions.' In other words, take 100 percent responsibiliy for your results." - Mark Minervini: Stock Market Wizards, page 176 (hardcover)
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