Facts about Trading Systems
- The world's most successful money managers use Trading Systems.
- Most of the money (over $40 billion) in professionally managed futures is traded using some form of trend following systems. Please have a look at this book in which I wrote one chapter (presenting various trading systems): www.trendfollowing.com
- 90% of commodity traders quit as losers.
- 80-90% of traders will jump on the bandwagon of a new system and trade it until they take 3 losses in a row. They change from system to system to system getting 3 losses in a row with each until they get fed up and quit or lose their capital.