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How
to Develop
a Winning Trading System That Fits You Workshop
Presented by
R.J. Hixson and Robert Tharp
May 5-7, 2010
— Cary, North Carolina
$2,995
$2,295
Register
Now
Only
about 5% of the world's trader's and 20% of the world's
investors consistently make big money. In many cases, what
these winners do is not complex. In fact, simplicity is
one of the keys to making money.
One
of the biggest secrets of successful trading is finding a
trading system that fits you. In fact, after
interviewing enough market wizards to write two books,
Jack Schwager concluded that the most important
characteristic of all good traders was that they had
found a system of methodology that was right for them.
Our
job in this course is to teach you what you need to know
to develop your own system. It’s not difficult and you
will leave the workshop with a functional trading system
you developed! You’ll learn a system development
process that is neither market specific nor time-frame
specific. Whether you trade stocks, futures, currencies or
gold, and whether you place 50 trades a day or 50 trades
per year, you will learn to assemble all of the components
required for a profitable trading system.
But
why
bother developing my own system? Isn’t it easier to just
go buy a system with proven results?
There
are hundreds, if not thousands, of trading systems
available that work. Most people, though, purchase a
system and then don’t follow it consistently or they
modify it. In either case, their profits are a lot
less than those advertised. Why don’t they trade
it like they are supposed to? Because the system
does not fit them or their style of trading. It’s
like wearing an uncomfortable suit even though it may have
looked great in the store.
When
you try to use a system that someone else developed,
there’s so much you do not know. Here are a few
examples: if the system backtests well but doesn’t trade
well live, how it handles different market conditions, if
it uses indicators in a valid way, how much optimization
it has, and what biases might have been built into the
system.
To
illustrate one of those examples, give a system developer
enough leeway and they can create a system that seems able
to perfectly predict market moves. It makes
thousands of dollars on paper with past market data. Once
traded live, however, it performs miserably.
Traders
today now have access to system development software.
Software companies design these solutions because many
people want to be able to predict the markets perfectly. For
a few hundred dollars you can buy a software solution that
will allow you to overlay numerous studies over past
market data and optimize to your heart’s content.
Within a few minutes, you might believe that trading in
certain ways generates fairly predictable and very
promising results. That belief might stay with you
until you attempt to trade the system in the real market
rather than the historical market for which the system was
optimized. Many trading accounts have plummeted over
a short time from this very thinking. In other
cases, the result is quicker— one “sure-thing” trade
with a “sure thing” position size can wipe out a
trading account in a New York minute (or in a Chicago
minute if you trade futures :p).
Developing
your own system allows you to integrate your beliefs,
objectives, personality and edges right into your trading
system. It feels great and you love to trade it!
Trading a system that you developed is like owning a
custom tailored suit: it feels great to wear, it looks
fantastic and you want to put it on!
Learn
More...
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Now
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