Quote:
Originally Posted by mystified
İf you find the holy grail and you share it, you will get 2 types of reaction:
First one is '' Woov' that is amazing!!''
Second one is '' I can do it better!''
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Hi Mistified,
Your posting is a very short one but ooh so true.
Give whatever kind of a profitable system to the vast majority of people and they will feel emmidialty the urg to make it "better" after the 1st couple of losing trades or after giving back to much profit of some of the winning positions they were in.
- If people do not have a system they feel lost because they don't know what to do...
- Give people a 100% mecanical system and they will look where they can "improve" it or bend the rules based on their discresionary vieuw because they think..I can do better.
- Give them a system where a lot of discresionary descisions are needed and they feel as lost again as in option1 ....
Conclusion: option2 is the best but aks them if they made the same results as the 100% mecanical system and they will say NO.
That is where they fail completely on the element ...
discipline.
regards..iGoR