Q: I enjoy your newsletter and articles immensely, have read many of your books and feel I understand most of the concepts.
Although I’m only a small trader and very disciplined, the area I struggle with greatly is system development. I have several systems, with SQNs ranging from 1.75 – 3.42.
The problem is that all of my systems are trend based, and no matter how much I look at price charts, I am unable to visualize any possibilities other than trend based systems.
Due to work/family/financial commitments I am unable to attend any workshops. Can you recommend books that could open my mind to other possibilities.
A: The Trade Your Way book has an excellent overview of the broad types of trading approaches/systems that exist. The most comprehensive resource, however, is the systems home study course (How to Develop a Winning Trading System That Fits You). That course covers the different trading approaches that have been proven to work. In addition, the course teaches traders how to create new trading systems that fit them and that work well in the context of their big picture—two criteria often overlooked in the search for a “great” system.
