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Wayne.

I dont disagree with what you are saying. My point was that the use of discretion in a mechanical system is a weakness.

My system often has more stocks triggering buys that what i can afford -- But I wish it didn't!

With this in mind, the next system I will design will be structured in such a way so that I can take every trade that triggers (only 2-3 pairs).

As for your last comment, ideally you shouldn't have to look at charts/fundamentals to decide which stock to buy, though I still do.

Rank the candidates according to price or ROC or something that has been backtested and can be traded systematically.

Michael.

I can relate to your comments 100%.
I thought LGL would go to the moon. REX looked very promising as well. And then there was BKN....

<blockquote data-quote="nizar" data-source="post: 288545" data-attributes="member: 2591">Wayne.I dont disagree with what you are saying. My point was that the use of discretion in a mechanical system is a weakness.My system often has more stocks triggering buys that what i can afford -- But I wish it didn&#039;t!With this in mind, the next system I will design will be structured in such a way so that I can take every trade that triggers (only 2-3 pairs).As for your last comment, ideally you shouldn&#039;t have to look at charts/fundamentals to decide which stock to buy, though I still do.Rank the candidates according to price or ROC or something that has been backtested and can be traded systematically.Michael.I can relate to your comments 100%.I thought LGL would go to the moon. REX looked very promising as well. And then there was BKN.... <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite21" alt=":banghead:" title="Bang Head&nbsp; &nbsp; :banghead:" loading="lazy" data-shortname=":banghead:" /></blockquote>

[QUOTE="nizar, post: 288545, member: 2591"] Wayne. I dont disagree with what you are saying. My point was that the use of discretion in a mechanical system is a weakness. My system often has more stocks triggering buys that what i can afford -- But I wish it didn't! With this in mind, the next system I will design will be structured in such a way so that I can take every trade that triggers (only 2-3 pairs). As for your last comment, ideally you shouldn't have to look at charts/fundamentals to decide which stock to buy, though I still do. Rank the candidates according to price or ROC or something that has been backtested and can be traded systematically. Michael. I can relate to your comments 100%. I thought LGL would go to the moon. REX looked very promising as well. And then there was BKN.... :banghead: [/QUOTE]

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