Comments on: Market Turning Points – Follow Up http://www.curtisfaith.com/2009/10/19/market-turning-points-follow-up/ A Turtle Master's Insights on the Art of the Trade Wed, 18 Jan 2012 16:49:41 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: William http://www.curtisfaith.com/2009/10/19/market-turning-points-follow-up/comment-page-1/#comment-28 William Sun, 25 Oct 2009 18:12:45 +0000 http://www.curtisfaith.com/?p=153#comment-28 Curtis, Great to see your resurfacing, i always enjoy your insights and thoughts on trading. My journey as a trader, originally began as a fundamental "follower", then began in earnest as a technical analyst and then morphed into a discretionary trader who learned through pain and heartache the value of systematic rules and objective measures in the form of trend following. Im currently morphing into the belief that all three: quant (fundamental), technical (patterns) and system trading (technical discipline) all work best when the strenghs of each can overlap. Fiding the balance is the key to me. Letting the system work, while the experienced hand / gut gently keeps a watchful eye to determine when it is needed to enforce a kill switch, rejigger the portfolio etc... Your upcoming book, appears to point towards this overlap. In your post you talk about psychological resistance levels....Im curious, as to how you feel in every day practice, system trading and psychological gut trading can co-exist. My failed experiment as a discretionary trader, failed in large part to reading too much into the wiggles of price action - being misled by my gut so to speak. How do you propose that one can safely inject their gut into trading and keep it under control and avoid the "ego creep" of gut / discretionary trading. Its a delicate balance indeed and one that I'm currently trying to define. Any insights are greatly appreciated....look forward to reading the book? Lastly, is the melding of system and discretionary common place in your experience? Curtis,

Great to see your resurfacing, i always enjoy your insights and thoughts on trading.

My journey as a trader, originally began as a fundamental “follower”, then began in earnest as a technical analyst and then morphed into a discretionary trader who learned through pain and heartache the value of systematic rules and objective measures in the form of trend following. Im currently morphing into the belief that all three: quant (fundamental), technical (patterns) and system trading (technical discipline) all work best when the strenghs of each can overlap. Fiding the balance is the key to me. Letting the system work, while the experienced hand / gut gently keeps a watchful eye to determine when it is needed to enforce a kill switch, rejigger the portfolio etc…

Your upcoming book, appears to point towards this overlap. In your post you talk about psychological resistance levels….Im curious, as to how you feel in every day practice, system trading and psychological gut trading can co-exist. My failed experiment as a discretionary trader, failed in large part to reading too much into the wiggles of price action – being misled by my gut so to speak. How do you propose that one can safely inject their gut into trading and keep it under control and avoid the “ego creep” of gut / discretionary trading. Its a delicate balance indeed and one that I’m currently trying to define.

Any insights are greatly appreciated….look forward to reading the book?

Lastly, is the melding of system and discretionary common place in your experience?

]]> By: John http://www.curtisfaith.com/2009/10/19/market-turning-points-follow-up/comment-page-1/#comment-24 John Tue, 20 Oct 2009 08:43:30 +0000 http://www.curtisfaith.com/?p=153#comment-24 Yes interesting indeed. If you look at the Dow-30 chart for the last couple of months around 9250 and 9500 the market pulled back then proceeded to advance by some 500 points each time. With hindsight a great buying opportunity, no so easy to do at the time though.......! Yes interesting indeed. If you look at the Dow-30 chart for the last couple of months around 9250 and 9500 the market pulled back then proceeded to advance by some 500 points each time. With hindsight a great buying opportunity, no so easy to do at the time though…….!

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