CHAPTER 11Modelling Futures Strategies
In this book, you've read about a futures trading strategy which seems to produce strong returns over time, and has the potential to form the basis of an entire trading business. The rules have been clearly described and they're easy to follow. Before you go out and start your trading adventures, deploying these rules with real money, there is a very important question you need to ask yourself.
Do you really trust some weird European just because he wrote a few books? No matter how handsome and funny this guy might be, simply taking a bunch of trading rules from a book and trusting someone else's backtest is not a good idea. This is a point which I have tried to make over and over in my books, and it worries me that I might not have gotten that point across. I write books to teach ideas and concepts, to broaden your horizons, and show you what's possible. I do not, ever, intend for anyone to just take the demonstration trading rules from my books and go out and trade them as they are. That just isn't a good idea. Never trade anyone's rules, no matter who they are. Even if they are really clever, handsome, and funny Europeans who just can't refrain from sarcasm.
Why You Need to Do Your Own Research
When it comes to trading rules, it's all very personal. You should never ever trade rules which you haven't developed and tested yourself. ...
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