When – If Ever – To Meddle With Your Trading System?
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Over the years I have been in many debates with colleagues about if, and when, one should interfere with a trading system. Mostly, I have been opposed to intervention as it generally defeats the purpose of adopting a systematic approach. It never ceases to astonish me how ‘systematic’ traders begin to fiddle with their systems when volatility rises or a trading system enters an inevitable drawdown. In most cases, I have found that such interventions achieve little more than medicating trader anxiety about trading losses to the detriment of long-term returns.
When – If Ever – To Meddle With Your Trading System?
When – If Ever – To Meddle With Your Trading…
When – If Ever – To Meddle With Your Trading System?
Over the years I have been in many debates with colleagues about if, and when, one should interfere with a trading system. Mostly, I have been opposed to intervention as it generally defeats the purpose of adopting a systematic approach. It never ceases to astonish me how ‘systematic’ traders begin to fiddle with their systems when volatility rises or a trading system enters an inevitable drawdown. In most cases, I have found that such interventions achieve little more than medicating trader anxiety about trading losses to the detriment of long-term returns.