Ah, the “system”, this is everyone’s favorite topic. There are several factors that need to be considered when choosing a day trading solution. If you are a new trader, you will want to start with the basics of trading, and then slowly move up to some of the more advanced topics. Experienced and professional traders will want a system that immediately enables them to improve their performance.
Ideally, a trading system for beginning traders would include everything necessary to go from being a complete beginner to trading live (or at least trading in simulation). If a trading package does not include everything necessary for this, it is likely that additional tool and/or education will be required (at additional cost). If you are considering a system that does not include all of the necessary software and education, make sure that you include the cost of any additional costs or fees (ie. trade room subscriptions) when you are comparing different trading system choices.
My advice is this… Keep it simple! If you are looking at a NinjaTrader trading system like the Diversified Trading System, that’s great! But if you are using your own all I can say is that I have personally found the more complicated a day trading system is the more likely I am to make mistakes.
It is my opinion that simple trading systems deliver better probabilities than more complicated signal generators that have too many variables that we have to make decisions on.
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Commodity Futures Trading Commission Futures and Options trading has substantial potential rewards, but also significant potential risk. You must be aware of the risks and be willing to accept them to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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