Forum Archive Index - October 2003

[Robin Benson <rob@hammerheadmedia.co.uk>]

Hi Woody

> If one does not believe 100% in ones trading system then one is a fool 
> to
> trade.

If this were true, it would be silly for people to experiment while 
developing their trading system. I suspect that many successful traders 
or investors try new strategies/systems without 100% knowledge that 
they will be successful. Again, no black and white for me. Emotional 
reactions to different scenarios (i.e. "know yourself") seems to be 
quite an important thing for traders. Maybe we're talking about similar 
things.

> I make my decisions to trade based on MY research, MY system

This is an admirable discipline. You have obviously taken time to 
develop your system and learnt to trust it. It seems to be worthy of 
your trust.

> and I
> must believe 100% in  that system or else I am wasting my time.
> As for the religious analogy that in my opinion is very wrong. 
> Religion is
> not trading, and if ones religion is trading then one has lost the 
> focus. To
> me religion is for between myself and my God. It is my way of life> 
> Trading
> is a passion and my way of income. After all fanatically religious 
> people
> are called Fundamentalists!! arn't they?

With respect, I think you misunderstood the analogy. I was simply 
pointing out that belief that there is only one approach to life, for 
example a religion, and the position that there is only one way to 
trade/invest (TA or FA for example), are equally misguided. Different 
people have different needs from the market, whether they are aware of 
them or not. For some people, a loss in trading is a lesson or an 
experience. Maybe they learn from their experiences. Maybe they don't. 
For some it is all about making as much money as possible. All or 
nothing. For others, perhaps like you, there is some 
enjoyment/challenge in participating in the market (an expression of 
desires, judgements, beliefs, etc., so a very "human" thing) and making 
a modest and comfortable income from this activity.

Gianni Vattimo's "The End of Modernity" might be an interesting read 
for you.

Regards

Robin


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