Many people in the "trading" business are willing to sell you their trading system. This begs the obvious question, if the system is so good why would they sell it?
Even if the system is valid the vast majority of people would not make money trading it.
Why?
Because they will inevitably deviate from the system.
Why?
You must trade your own beliefs in the market, not someone else's. This failure to follow occurs whenever there is a drawdown in someone else’s system that you are trying to trade.
Trading is money and money is emotion and when these emotions are put to the fire you will fail if you are not dealing with your own belief system. In order to stick with “the plan” in a drawdown you must believe in your plan and this belief can only come from the very core of who you are and your psychological relationship with your money at risk in the marketplace.
You must develop, design, and build your own system based on your own research. You can then build a database of trades that provide the trader a statistical basis on which they validate their trading system.
Then you try and sell it to others. :)
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