A"map" for the trading jungle by Grant D. Noble
Most of the common methods used by traders can be classified under three main theories. Noble outlines these trading methods, then recommends a strategy for choosing those that best fit your trading style. His "MAP" allows you to Minimize the time and money you spend, Analyze and compare valid methods, and Personalize what you find to fit your own account.
There are thousands of trading methods on the market, but many are worthless and most duplicate
better methods. You need a "MAP" to:
1. Minimize the time and money you spend,
2. Analyze and compare valid methods,
3. Personalize what you find to fit your own account.
The quickest way to minimize research is to avoid worthless methods in the first place. Study "track
records." Do they contain only low volume futures or futures from a single complex? Is the data bad?
Does it contain non-trending as well as trending periods? It's easy to "optimize" a "system" to fit