Adrian Reid argues that traders do not necessarily need to build their own trading systems from scratch. Instead he gives new traders working systems and teaches them how to test and evaluate those systems so they can build confidence; the key requirement is absolute confidence in whatever system one uses. The content is a short advisory segment aimed at learners.
I used to take the hardline approach that everyone should have their own system, because everyone's individual, they've all got their own objectives and so on. The challenge is that developing your own system is actually not easy. It's as far as the spectrum of skills go, it's way up at the advanced end. So now my approach when I'm working with new traders who want to learn, is I give them systems and then I show them how to test and evaluate those systems for themselves so you don't have to start scratch and try and figure out what works. Here's something that works now. Build confidence in it by testing. So I've had a lot of success with that. So I would say, no, you don't have to build your own system, but yes, you do have to build absolute confidence in the system you do trade, whether it's yours or someone else's.
