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A couple of points here:* I never said anything about trading mechanically. I must agree that a "mechanical" system that works is rare. That said, Nick has one that works very well on indicies.* A daytrading system need not trade "several" times a day. I don't. I'll take perhaps one trade on any particular chart... maximum two.* If not mechanical, it need not be totally discretionary either. It can be rule based. An example of the is the "dummy a day" method as mentioned in various blogs. You can't get much simpler than that. eg http://maoxian.com/archive/category/trading-for-dummies/"Simple" is in the context of some other ways people make a living. It is a bit more complicated than stuffing envelopes for a living, but compared to medicine or law, ludicrously simple.
A couple of points here:
* I never said anything about trading mechanically. I must agree that a "mechanical" system that works is rare. That said, Nick has one that works very well on indicies.
* A daytrading system need not trade "several" times a day. I don't. I'll take perhaps one trade on any particular chart... maximum two.
* If not mechanical, it need not be totally discretionary either. It can be rule based. An example of the is the "dummy a day" method as mentioned in various blogs. You can't get much simpler than that. eg http://maoxian.com/archive/category/trading-for-dummies/
"Simple" is in the context of some other ways people make a living. It is a bit more complicated than stuffing envelopes for a living, but compared to medicine or law, ludicrously simple.
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