Friday, July 25, 2008

Trading Systems

What I have found is that too often websites claim to have no losing trades. Is this even possible? I doubt it. Even the best traders in the world have losing trades, months, or even years. This is the problem when finding trading systems that claim to have no losers. I saw one website that said no losers in the last 3 years. I was intrigued so I checked out the site, and guess what? They did 2 trades a year for the past three years! Hmmm. I guess it is true they didn't have any losers, but is that the way you want to trade?

The trick is finding a "system" that you feel 100% confident in following. Let's face it, what good is a system if you are constantly changing the system rules to force the system to trade more often or trade less? If you "cherry pick" the trades, chances are you will miss out on some of the most profitable trades throughout the day.

I have bought many systems throughout my trading career in the last 6 years. Some good and some not so good, but I have the most confidence making my 3-4 points per day in the ES using the Kill Zone along with the Turbo Scalper. Also, they have just recently added 6 videos they are giving away free. It is definitely worth the time if you are a serious trader.

Steve

eMiniSchool

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