Does it really matter, what exact system is used for trading?
“If you can control your risk by quickly bailing from losing trades and without killing or cutting short too many winners, you may even be able to turn a losing system into a profitable one. A solid exit strategy can make a profitable system even more profitable while reducing equity volatility and drawdown. Most important, during those inevitable rocky periods, a good exit strategy that incorporates solid money management and capital preservation techniques can increase the probability that you will be around for the next profitable trade” – Dr. Van K. Tharp The point is: To a certain degree, it doesn’t really matter either, what exact system is used for trading, as long as one has a good grasp of the basic sound strategy behind the system, assuming that the system is based on such, regardless of the precise technique used. When one is trading using a mechanical system which gives unambiguous buy/sell signals thereby giving commitment to one’s methodology and discipline/self-disciplin
