OK, I agree, mechanical daytrading systems don work long term. But what does work?
Trading is an art. It requires learning trading basics, pattern recognition, using one index three different ways, and honing your intuition based on seeing patterns. Intuition is nothing more than your instincts once you’ve internalized all this. Everyone in every profession naturally develops intuition. How does Michael Jordan know how to shoot the ball? He just knows. Mechanical people have difficulty accepting this until they see how easy and simple intuitive trading really is. Then they’d never go back to a mechanical daytrading system. Since almost all mechanical system daytraders end up second guessing their mechanical daytrading system, or applying “exceptions,” what they’re really doing is using their pattern recognition skills and instincts. And then they see good entries that their mechanical daytrading system doesn’t give them. Do they take them? Usually not. If that’s the case, then why not just learn what works up front and skip the mechanical daytrading systems? In fact,
