Trading Truths

Contents

1. "The system that's best for you may not be best for another trader."
2. "A positive expectation is no guarantee of success."
3. " The quality of your trading software is vital to your chances of success"
4. "Thousands of complete test runs may be needed to evaluate rules."
5. "Professional traders take most of the profits made in the commodity markets."
6. "95 Percent of Commodity Traders Lose Money."
7. "Create your own system, then nobody else knows what you're doing."
8. "Drawdown tells you how much risk you're taking."
9. "The pros look for returns that are weighted in their favor."
10. "You can produce and code your own systems if you want to."
11. "Almost any system could make money if it is traded the right way"
12. "Professional traders know you should be wary of spikes in your historical data."
13. "The more you tune your system for best results the worse you will fare in your live trading."
14. "Historical testing is like batting practice."
15. "People would not follow the best trading rules even if they were published in the newspaper."
16. "Professional traders know that commodity trading can be taught."
17. "The markets adapt to the systems traded in them."
18. "Professional traders know how to deal with parameter shift."
19. "Portfolio trading means much more than you might think."
20. "Risk and return are inextricably related."
21. "You have to pay if you want more certainty of success."
22. "The markets reward you for taking greater risks."
23. "Systems traders know exactly when to exercise their discretion."
24. "Indexes are based on equities and are therefore excessively volatile."
25. "The True Range Indicator is a measure of market movement."
26. "Trading commodities is risky - that's why the rewards can be so high."
27. "The pros are good at identifying systems that meet their personal goals."
28. "Professional traders appear over-cautious to the newcomer."
29. "Commodity traders profit from both upward and downward moving markets."

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