Re-Think
I've said a few times that trading rules need to be individualised, to suit the person doing the trading. You can't just buy someone else's rules and expect they'll work for you. I said.
But I've changed my mind. That's for if some of the rules are subjective. Normally Support and Resistance, or Trend lines, are thrown into the system, and different people will place lines at different places.
If the rules are completely objective, it really wouldn't matter what the rules are - being completely objective, me, you, your neighbour's kid should be able to trade those rules with no problems at all.
So, if you purchased a trading system consisting of only objective rules, theoretically anyone should be able to trade that system.
1 Comments:
You forgot psychology. Not every system can be traded by anyone. For example, if number of profits much bigger than number of losses, this system is uncomfortable to trade. There is probability that someone will drop this system in the middle of drawdown, even if it has perfect results long term.
So when considering real trading and real people, psychology does matter.
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