This is a common question that I get and it’s a very tough one to answer because in my personal experience, just about any trading system has something to glean from it.

That’s right… I truly believe you can learn something from both good and bad trading systems…

I know that might sound a little bit strange but if you really think about it, a good trading system will give you ideas you can use and a bad trading system will give you ideas of what not to do… and taking it a step further many times you may actually be able to turn it around and transform a “bad idea” into a good one by looking at it from the opposite side.

But what makes a good or bad idea?

I think a trading strategy is really a personalized concept… a strategy that person A can apply, may be a strategy that person B cannot apply. And person B will look at the strategy and say it’s a bad one, whereas person A will look at it and say it’s a good one.

That’s one of the filters you have to overcome, Strategies are not inherently good or bad. (Unless by design they cannot be profitable in the long run.)

The key is to either:

Match your trading strategy to your personal makeup.
Or
Massage your personal makeup to match your strategy.

Both approaches take time – but the effort is worth it.

Continued Success!
Ray

Categories: Trading

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