Totally agree with this and I believe that Michael has also
alluded to the importance of taking every trade of a mechanical
system several times.
However I figure that if anyone still does not "get" this
concept they will after they see a huge winning trade that would
have erased small losing ones IF they had only not turned off the
systems, or some such similar experience. In my case, it was
very early on with a too large position size with SRS. I took a
hefty loss when the system was down for the day and I sold only to
see it end the day exactly the same amount profitable as the loss I
had taken!
En fin, I echo your sentiments and agree that position sizing is
also important.
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Totally agree with this and
systems on or off?
Posted by Vida on 2nd of Jul 2009 at 10:47 am
Totally agree with this and I believe that Michael has also alluded to the importance of taking every trade of a mechanical system several times.
However I figure that if anyone still does not "get" this concept they will after they see a huge winning trade that would have erased small losing ones IF they had only not turned off the systems, or some such similar experience. In my case, it was very early on with a too large position size with SRS. I took a hefty loss when the system was down for the day and I sold only to see it end the day exactly the same amount profitable as the loss I had taken!
En fin, I echo your sentiments and agree that position sizing is also important.