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Old 12-01-2008, 01:09 PM   #1

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How to Make a Great System?

Hello all
i'm just newbie.. i'm very interest anything about a system.
but i never know if there have a great system.
can anyone help me how to make a great system?
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Old 12-01-2008, 03:21 PM   #2

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Re: How to Make a Great System?

Before you jump heard first and attempt to make a system, it would be to your advantage to research, study, and understand how markets move, what makes markets move, and "patterns" (not necessarily price patterns, but tendencies of the markets) the markets exhibit in certain conditions. A lot less fun, yes, but you'll save much wasted time.

I personally feel Wyckoff understood markets and auction market theory very well. You can read all about him and his ideas in the Wyckoff forum here at TL.
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Old 12-01-2008, 09:20 PM   #3
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Re: How to Make a Great System?

I would start off be reading and re-reading the thread located HERE.

At which point I would start reading some of the threads located HERE.
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Old 12-01-2008, 10:30 PM   #4

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Re: How to Make a Great System?

Quote:
Originally Posted by zerones »
Hello all
i'm just newbie.. i'm very interest anything about a system.
but i never know if there have a great system.
can anyone help me how to make a great system?
Keep in mind there are no shortcuts to becoming successful in the art of trading. Each person has to do battle with the deamons inside themselves. Although having access to the information and traders here will be very VERY helpful you still need to do the work. It goes back to the tell, show, do method. You are the only one that can do it for you.

With that being said it doesnt mean you have to go at it all alone, there are others that were in the same place as you that can help you along the way.

Think of it like this, if you take a professional baseball team, the team works to help each other become the best they can be. But when a player gets up to bat he has to rely on his own abilities to get on base.

There is no Holy Grail but hard work will get you there!
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Old 12-02-2008, 04:34 AM   #5

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Re: How to Make a Great System?

I guess it's worth asking do you really mean system or are you looking really for a methodology? If it is the former you might want to look at 'The Encyclopaedia of Trading Systems' if nothing else it is likely to reduce your expectations somewhat (which is probably not a bad thing).

Do you have any programming skills? You will probably need to develop those a little before/while you develop systems.
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Old 12-02-2008, 05:36 AM   #6

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Re: How to Make a Great System?

Quote:
Originally Posted by BlowFish »
I guess it's worth asking do you really mean system or are you looking really for a methodology? If it is the former you might want to look at 'The Encyclopaedia of Trading Systems' if nothing else it is likely to reduce your expectations somewhat (which is probably not a bad thing).

Do you have any programming skills? You will probably need to develop those a little before/while you develop systems.

Thank for your explain all..
Yes you are right, i'm just looking really for a methodology. Not a system.
Systems is much complex for me (The Encyclopedia of Trading Systems), i have no basically programming skill. So, anyone can tell me, What the best methodology for trading.
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Old 12-02-2008, 11:56 AM   #7

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Re: How to Make a Great System?

The best methodology for trading depends on you, your risk tolerance and your risk capital.

So, start learning and see what you like - lots of good stuff around here, plenty of books on trading via Amazon.com.

Make no mistake, this takes thousands of dollars and countless hours to get to the point of creating a reliable stream of income.

Attached is a PDF I made awhile back of the trading books that I would recommend.
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File Type: pdf Amazon.com Embedded into Tiny URL's.pdf (210.8 KB, 32 views)
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Old 12-03-2008, 01:56 PM   #8

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Re: How to Make a Great System?

Quote:
Originally Posted by brownsfan019 »
The best methodology for trading depends on you, your risk tolerance and your risk capital.

So, start learning and see what you like - lots of good stuff around here, plenty of books on trading via Amazon.com.

Make no mistake, this takes thousands of dollars and countless hours to get to the point of creating a reliable stream of income.

Attached is a PDF I made awhile back of the trading books that I would recommend.

Thank you...
but i just looking for free e-book.
Coz i trading for money, wan't to loss my money for first.
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