"So and so's strategy doesn't work. He shows charts, and indicators, and whatever, but when I do it, it doesn't work."
Why is that?
How can a system work for one person and not the other?
The issue is that when you are trading a discretionary system, and you do enough testing to make it your own (this is a lot of testing -- at least 1,000 trades), you are essentially fitting yourself for a pair of glasses.
These glasses, once you fit yourself for them, work for you. They're your glasses. If you hand them to your friend while he's driving, he's likely to crash. What if he said to you, "These glasses don't work! They are terrible glasses!"
You'd say, "These glasses are not for you. They're mine." When you learn a system from someone else, from a book, a Web site, or a newsletter, you have to remember that in order to make it your own, you have to have your own experiences with the system. You can't just take it out of the box, and put it on like a pair of someone else's glasses.
Why is that?
How can a system work for one person and not the other?
The issue is that when you are trading a discretionary system, and you do enough testing to make it your own (this is a lot of testing -- at least 1,000 trades), you are essentially fitting yourself for a pair of glasses.
These glasses, once you fit yourself for them, work for you. They're your glasses. If you hand them to your friend while he's driving, he's likely to crash. What if he said to you, "These glasses don't work! They are terrible glasses!"
You'd say, "These glasses are not for you. They're mine." When you learn a system from someone else, from a book, a Web site, or a newsletter, you have to remember that in order to make it your own, you have to have your own experiences with the system. You can't just take it out of the box, and put it on like a pair of someone else's glasses.
